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04 Jul
14:27

Kardemir hikes domestic rebar, billet prices

Turkey's Kardemir has increased its prices of rebar and billet for the domestic market following the considerable rise in scrap import prices last week, Kallanish notes. The integrated long steelmaker's 12-32mm and 12-18mm diameter rebar prices have each increased by TRY 72/tonne ($20/t) to TRY 1,699/t ($478/t) and TRY 1,716/t respectively from 4 July. The move follows a reduction of TRY 85/t in June, reflecting a weakening in the local rebar m…
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