Although Turkish exporters of rebar reduced prices by about $10-15/t atend-January and domestic rebar prices of Egyptian mills rose by $30-40/t,the main suppliers of longs in the Mediterranean region are still findingthemselves in a difficult situation. In particular, a number of Turkish traderssay Egyptian buyers are wary to purchase large lots of Turkish rebar asimport duty may be imposed as a result of an anti-dumping investigationinitiated by Egyptian mills.
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