TURKEY LONG STEEL: Uptick in lira, weak demand drive prices down

October 05, 2018 / www.metalbulletin.com / Article Link

Turkish domestic long steel prices have continued to soften over the past week on sluggish demand, while the country's lira was gradually regaining value against the US dollar, sources said on Thursday October 4.

Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY3,650-3,700 ($605-613) per tonne ex-works, down from last week's TRY3,700-3,800 per tonne, including 18% VAT.The domestic rebar price in the Istanbul...

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