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Stronger scrap prices push Turkish long steel prices up
March 27, 2014 - 15:53 GMT
wire rod prices
merchant bar prices
Long steel prices in Turkey have risen on higher scrap costs this week but the market has been generally slow before the country’s mayoral elections, sources said on Thursday March 27.
The domestic market was becoming quieter before the
elections on March 30 as most market participants were waiting
for a clearer political situation to emerge before they started
buying material. Some 10,000 tonnes of rebar were sold to Iraq
earlier this week at $583-584 per tonne ex-works but there have
been no significant sales in the domestic market this week, a
source at a steel...
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Euromoney Institutional Investor PLC.
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