16
Sep
01:00
Turkish producer hikes bar prices on weaker lira, despite low demand
Turkish long steelmaker Icdas has increased its prices of domestic rebar by TRY20/tonne ($9) to TRY1,530-1,550/t ($691-700) ex-works, including 18% VAT. Kallanish learns from the company. The move, despite weak demand, is thought to be in response to the depreciation of the lira against the dollar. The firm uses the latter currency to import its scrap.
Prices of 8mm, 10mm and 12mm diameter rebar are now at TRY1,530/t, TRY1,540/t and TRY1,550/t ex-works respe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous