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...