TURKEY LONG STEEL: Local rebar, billet prices keep climbing despite limited demand

Turkish domestic rebar and billet prices continued to rise this week in response to rising deep-sea scrap costs, although demand for steel was weak due to the seasonal slowdown in the country's construction sector.

Fastmarkets’ weekly price assessment for domestic rebar in Turkey was TRY2,970-3,005 ($555-560) per tonne ex-works on Thursday January 31, up from TRY2,820-2,850 ($531-537) per tonne ex-works per tonne. The assessment reflects recent offers from local mills, although no...

Published

Vlada Novokreshchenova

February 01, 2019

11:23 GMT

Dnepr