Rebar prices continue to decrease

Dollar / TL is traded at 23.57 levels as of 15:00 after starting the day with a decrease.

Stating that the balance of payments data in the Eurozone and construction permits and housing starts data in the USA will be followed today, analysts said that 101.5 is support and 103 is resistance in the dollar index in technical terms, while iron prices continue to lose.

Icdas A.S. continued its rebar sales prices today, which it announced yesterday as $ 640 with a $ 10 discount. Producer prices, which were $645 in Istanbul and $635 in Payas, were reported flat at $630 in Izmir. However, spot market prices ex-warehouse decreased by $2-9.

In the markets, there is a silent wait in anticipation of the CBRT interest rate hike on 22 June and the hope that prices will come back.

Turkey spot rebar prices

The current spot rebar prices evaluated by www.steelradar.com are as follows;

Istanbul rebar prices 17,300 TL (-100) / $622 (-2)

Izmir rebar prices 17,000 TL (-300) / $611 (-9)

Karabuk rebar prices 17,100 TL (-200) / $615 (-5)

Payas rebar prices 17,000 TL (-300) / $611 (-9)