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28 Oct
00:00

Icdas follows declining Turkish longs prices trend

Turkish long steelmaker Icdas has cut drastically its prices for domestic sales of rebar and wire rod, as raw materials prices continue to weaken and demand remains weak, Kallanish learns. This represents the second reduction in two weeks, and follows local rival Kardemir’s price slash last Friday. Rebar prices have come down TRY 65/tonne ($29/t) from Icdas’ previous price list to TRY 1,450/t, TRY 1,440/t and TRY 1,430/t for 8mm, 10mm and 12-32mm…
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