TURKEY LONG STEEL: Domestic prices fall on stronger lira, poor demand

Domestic prices for steel rebar and wire rod in Turkey have continued to fall over the past week due to the strengthening of the country’s lira and limited demand, sources said on Thursday August 8.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was TRY2,920-2,970 ($530-540) per tonne on Thursday, down from last week’s TRY2,980-3,020 per tonne ex-works, including 18% VAT.

The domestic rebar price in the Izmir...

Published

Cem Turken

August 08, 2019

15:28 GMT

Mugla