TURKEY LONG STEEL: Demand weak on Ramadan lull, more Covid-19 cases

Turkish domestic rebar prices have gone down over the past week with a slight recovery in the exchange rate of the Turkish lira against the US dollar, market sources said on Thursday April 15.

The Turkish currency was trading at 8.100 lira to $1 on April 15, compared with 8.176 lira to $1 on April 8, according to Oanda.com.

The strengthening of the lira led to a decrease in finished steel prices because mills in Turkey buy most of their raw materials in US dollars before selling them to...

Published

Cem Turken

April 15, 2021

15:15 GMT

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