Turkish domestic long steel prices have increased over the past week due to rising scrap costs, a weakening lira and firm market demand, sources said on Thursday August 13.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,810-3,870 lira (524-532) per tonne on Thursday, up from the last week's 3,670-3,770 lira per tonne ex-works, including 18% VAT.Long steel mills in the Izmir region were offering rebar to local market at 3,810-3,850 lira per tonne ex-works, while mills in Istanbul and Iskenderun were offering material at 3,850-3,890 lira...