TURKEY LONG STEEL: Prices rise on costlier scrap, weakening lira

Turkish domestic long steel prices have increased over the past week on the back of firm scrap costs and a weakening Turkish lira, sources said on Thursday September 10.

Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), domestic, exw Turkey, was 4,050-4,080 lira ($541-545) per tonne, including 18% VAT, on Thursday, up from last week’s 3,950-3,960 lira per tonne ex-works.

Mills in the Istanbul and Iskenderun regions were offering rebar to the local market at 4,080-4,120 lira per tonne ex-works,...

Published

Cem Turken

September 10, 2020

15:03 GMT

Mugla