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11 Apr
14:14

Turkish mills raise rebar prices as lira depreciates

Turkish long steelmakers have raised their prices of rebar for the domestic market as the lira slumped to a new record-low this week, notes Kallanish. Scrap-based long steelmaker Icdas' 12-32mm, 10mm, and 8mm diameter rebar is now offered at TRY 2,750/tonne ($657/t), TRY 2,760/t and TRY 2,770/t respectively, with effect from 11 April. This is up TRY 40/t from the previous price list update on 2 April, when the steelmaker cut its rebar prices each by TRY…
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