Cash cycle problems due to stocking costs in the Turkish steel industry are compressing trader based sales prices. Spot market prices are trying to find demand between $715-718, although producers resist to go below $720.
The current rebar prices evaluated by www.steelradar.com are as follows;
Istanbul rebar prices 16.200 TL ($845,25) (-100)
Izmir rebar prices16,150 TL ($842,64) (0.00)
Karabuk rebar prices 16.200 TL ($845,25) (0.00)
Payas rebar prices were announced as 16,200 TL ($845,25) (0.00).
(Foreign exchange data are taken from current official sources.)
Comments
No comment yet.