The holiday is over in China. Chinese iron and steel markets failed to reach the demand they expected after the holiday. Rebar and flat steel and especially iron ore prices decreased.
Conflict in Israel causes concerns in Turkish steel industry
While steel producers are struggling with high production costs and shrinking demand, the biggest export markets of the Turkish steel industry are at risk, which has caused concerns. In response to claims that some sales to the region have been canceled, producers said that there is no cancellation situation yet and that they expect the problems to be solved as soon as possible.
October 10, 2023 www.steelradar.com 's evaluation of spot rebar prices by region is as follows;
Istanbul rebar prices 19.100 TL (-100) / 688,88 USD (-3,61)
Izmir rebar prices 18.900 TL (-200) / 681,66 USD ( -7,21)
Karabuk rebar prices 19.100 TL (-100) / 688,88 USD (-3,61)
Payas rebar prices 19.500 TL (-100) / 703,30 USD (-3,61)
1 USD = 27,73 Turkish Lira
Comments
No comment yet.