Turkish domestic long steel market struggles with weak lira

Turkish domestic rebar and wire rod prices have remained stable this week but the market was struggling with the weakening of the country’s lira, sources said on Thursday October 26.

Metal Bulletin’s weekly price assessment for domestic rebar in Turkey was unchanged week-on-week at $520-530 per tonne ex-works.

However, the domestic market is trading rebar in Turkish lira, which is constantly losing ground against the US dollar at the moment. This increases the sales prices in...

Published

Cem Turken

October 26, 2017

16:08 GMT

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