TURKEY LONG STEEL: Slight upturn in lira depresses domestic prices, demand limited

Domestic rebar prices in Turkey edged down in the week to Thursday April 8 due to a slight recovery in the country’s currency and limited demand for the material, sources told Fastmarkets.

The Turkish lira was trading at 8.151 lira to $1 on April 8, compared with 8.283 lira to $1 on March 31, according to Oanda.com. The strengthening of the Turkish currency against the US dollar led to a decrease in finished steel prices...

Published

Cem Turken

April 08, 2021

15:21 GMT

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