Turkish steel mills struggling to sell

Turkish iron and steel markets could be under the influence of winter conditions in the coming week. On the last day of the week, the mills are trying to sell as sales weakened on the last day of the week and the mills are worried about the approaching unfavorable winter conditions. Some factories reported that they are planning price increases for next week. However, it seems uncertain whether demand will allow for this.

November 24, 2023 www.steelradar.com evaluated spot rebar prices by region as follows;

Istanbul rebar prices 20,400 TL (0.00) / 706,38 USD (0.00)

Izmir rebar prices 20.000 TL (0.00) / 692,53 USD (0.00)

Karabuk rebar prices 20.300 TL (+100) / 702,92 USD (+3,46)

Payas rebar prices 20.500 TL (+100) / 709,84 USD (+3,46)

1 USD = 28,88 Turkish Lira