TURKEY LONG STEEL: Weaker lira triggers demand in local market, prices up

Turkish domestic prices for rebar and wire rod have gone up over the past week, while the country’s lira weakens against the US dollar, sources said on Thursday October 10.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey, was TRY2,790-2,800 ($477-478) per tonne on Thursday, up from the TRY2,730-2,780 per tonne of last week.

Steel mills in the Izmir region were offering material to the...


Cem Turken

October 10, 2019

18:28 GMT