19
Mar
16:48
Icdas hikes rebar as lira weakens
Icdas has increased its rebar price for the domestic market by TRY 40/tonne ($7) after the Turkish lira weakened further against the dollar.
The Turkish steelmaker’s price for 8mm, 10mm and 12-32mm diameter rebar is now at TRY 2,805/tonne, TRY 2,785/t and 2,765/t ($505) respectively.
“I don’t think buyers will accept the higher prices unless the exchange rate goes up,” a Turkish trader tells Kallanish. “End-user demand is still s…
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Anonymous
Very good overview of the weekly steel market.
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