Insufficient demand drives down iron prices

The iron and steel industry is going through a difficult process. As costs rise, insufficient demand drives prices down. While factories had to sell at a loss due to rising production costs, some regions had to lower their prices due to insufficient demand in the spot market.

 The rebar prices , which  are evaluated as www.insaatnoktasi.com published daily, are  as  follows;

Istanbul iron prices          15.900 TL (+100)

Izmir iron prices               14.800 TL (-200)

Karabuk iron prices           14.800 TL (-100)

Payas iron prices               were announced as 15,100 TL (+100).