Weak lira, strong scrap push up Turkish domestic rebar, wire rod prices

Turkish domestic long steel prices have increased sharply in line with rising imported scrap prices and the weakening of the lira against the US dollar, sources told Metal Bulletin on Thursday October 12.

Metal Bulletin’s weekly price assessment for domestic rebar was $520-530 per tonne ex-works, up from the $505-517 per tonne of last week. The domestic rebar prices in the Izmir region were around $520-525 per tonne ex-works, while the material was trading at $525-540 per tonne in the...

Published

Cem Turken

October 12, 2017

16:00 GMT

Mugla