TURKEY LONG STEEL: Weak lira, higher scrap costs push up domestic prices

Prices in the local market for Turkish rebar and wire rod have continued to increase, influenced by the weakening of the value of the country’s lira and rising costs for imported scrap raw material, sources said on Thursday March 14.

Fastmarkets’ weekly price assessment for domestic rebar was TRY3,180-3,215 ($582-589) per tonne ex-works on March 14, including 18% VAT, up from last week’s TRY3,100-3,150 per tonne. The domestic rebar price in the Istanbul region was TRY3,200-3,250 per tonne ex-works, while the Izmir, Iskenderun and Karabük region prices were...

Published

Cem Turken

March 14, 2019

15:35 GMT

Mugla