TURKEY LONG STEEL: Turkish rebar, wire rod prices up on firm demand

Turkish domestic long steel prices have increased over the past week due to rising scrap costs, a weakening lira and firm market demand, sources said on Thursday August 13.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,810-3,870 lira (524-532) per tonne on Thursday, up from the last week’s 3,670-3,770 lira per tonne ex-works, including 18% VAT.

Long steel mills in the Izmir region were offering rebar to local market at 3,810-3,850 lira per tonne ex-works, while mills in Istanbul and Iskenderun were offering material at 3,850-3,890 lira...

Published

Cem Turken

August 13, 2020

16:00 GMT

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