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28 May

Icdas hikes domestic longs prices

Turkey's Icdas re-opened its domestic rebar sales with a TRY 190/tonne ($41.5/t) hike in the beginning of the current week, despite the sluggish demand at home, Kallanish notes. The scrap-based long steelmaker offers its 12-32mm, 10mm and 8mm rebar respectively at TRY 3,040/t ($664/t), TRY 3,050/t and TRY 3,060/t, effective 28 May. The move follows a rise of TRY 30/t in the middle of May. Icdas' domestic 5.5-8.5mm dia wire rod (SAE 1006) prices ave al…
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