TURKEY LONG STEEL: Weaker lira, rising scrap costs send domestic prices up

Turkish domestic rebar prices have increased sharply over the past week in response to rising scrap costs and a weakening lira, sources said on Thursday August 6.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,670-3,770 lira ($523-537) per tonne on Thursday, up from 3,550-3,600 lira per tonne last week, including 18% VAT.

The mills in the Istanbul, Izmir and Karabük regions raised their offers...


Cem Turken

August 06, 2020

16:20 GMT