TURKEY LONG STEEL: Stronger lira cools domestic prices

Turkish domestic prices for rebar and wire rod have gone down over the past week with a strengthening of the country’s lira, sources said on Thursday May 16.

Fastmarkets’ weekly price assessment for domestic rebar in Turkey was TRY3,250-3,350 ($538-555) per tonne ex-works on May 16, down from last week’s TRY3,330-3,420 per tonne, including 18% VAT. The domestic rebar price in the Izmir region was TRY3,300-3,400 per tonne ex-works, while the Istanbul region price was...

Published

Cem Turken

May 16, 2019

17:33 GMT

Mugla