27
Jul
08:45
Kardemir raises rebar price despite scrap drop
Kardemir has increased its 12-32mm diameter rebar price for the domestic market by TRY 52/tonne ($11) to TRY 2,670/t ($551) ex-works excluding VAT, Kallanish learns from the Turkish integrated steelmaker.
This follows attempts by other mills in Turkey to raise rebar prices despite scrap weakening further on fresh US-origin bookings into Turkey last week (see Kallanish passim). The Turkish lira was hovering last Friday at between TRY 4.8 and 4.9 per dollar, the s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous