TURKEY LONG STEEL: Weaker lira drags prices up

Domestic rebar and wire-rod prices in Turkey have gone up in line with the weakening lira during the week to Thursday September 9, despite limited demand, market sources told Fastmarkets.

The weakening of the lira against the US dollar led to an increase in finished steel prices because mills in Turkey buy most of their raw materials in US dollars before selling them to the domestic market in the...


Cem Turken

September 09, 2021

14:12 GMT