TURKEY LONG STEEL: Falling scrap costs drag down domestic prices

Domestic prices for rebar and wire rod in Turkey have gone down over the past week amid lower imported scrap values and limited winter demand, sources said on Thursday January 23.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 2,975-3,030 Turkish lira ($501-511) per tonne, including 18% VAT, on January 23. This was down from the 3,050-3,060 lira per tonne of last week.

The domestic rebar prices in the Istanbul...

Published

Cem Turken

January 23, 2020

14:05 GMT

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