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Tuesday, March 1, 2011

Turkish mills cut steel production on low demand

Tuesday, 01 Mar 2011

Reuters reported that Turkish mills cut steel production as political unrest in North Africa and the Middle East continued to depress demand for steel billet and rebar.

As per report, Turkish producers were offering steel billet at USD 640 per tonne to USD 650 per tonne and rebar at USD 680 FOB but no major sales were achieved at this level.(sourced:Reuters)

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