Domestic rebar prices have gone down due to weak demand and the negative sentiment in the scrap markets, despite the weakening lira pushing them upward.
Fastmarkets’ weekly price assessment for
steel reinforcing bar (rebar), domestic, exw Turkey, was 4,080-4,140 lira ($519-527) per tonne on October 8, down from the 4,150-4,200 lira per tonne of last week, including 18% VAT.
The Turkish currency was trading at 7.86 lira to $1 on October 8, compared with...
