TURKEY LONG STEEL: Firm lira, falling domestic scrap costs drag down prices

January 17, 2020 / www.metalbulletin.com / Article Link

Domestic prices for rebar and wire rod in Turkey have inched downward over the past week in line with the falling domestic scrap prices and a stronger lira, sources said on Thursday January 16.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,050-3,060 Turkish lira ($518-520) per tonne including 18% VAT, narrowing downward from the 3,050-3,100 lira per tonne of last week.

The mills in the Izmir, Istanbul and Iskenderun regions were...

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