TURKEY LONG STEEL: Stronger lira pushes prices downward

Turkish domestic prices for steel rebar and wire rod have gone down over the past week in line with the strengthening of the country’s lira against the US dollar, sources said on Thursday May 21.

The Turkish currency strengthened to 6.80 lira to $1 on May 21, compared with 6.99 lira to $1 on May 14, according to Oanda.com.

A stronger lira usually causes domestic rebar and wire rod prices...


Cem Turken

May 21, 2020

15:05 GMT