Kardemir increases rebar and wire rod prices

Kardemir A.Ş. increased rebar prices by $24/ton to $568/ton and wire rod prices by $15/ton to $565/ton. The factory was reported to have sold around 9,500 tons of rebar.

While Kardemir's sales brought some movement to the market, the general market stagnation continues to prevail. The decline in demand and the rise in the exchange rate keep market expectations uncertain.