06
Feb
15:01
Kardemir hikes rebar on costlier scrap, restocking
Kardemir has hiked its 12-32mm diameter rebar price for the domestic market by TRY 158/tonne ($30/t) to TRY 2,574/t ($493/t) ex-works, Kallanish learns from the Turkish integrated steelmaker.
Besides increasing scrap prices, which have this week surpassed $320/t cfr Turkey for HMS 1&2 80:20, the hike is being supported by restocking at Turkey’s stockists. End-user demand, however, remains subdued, Turkish traders observe. Rebar prices in Iskenderun hav…
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Anonymous
Very good overview of the weekly steel market.
Anonymous