Will the decline in iron prices continue?

Rebar prices continue to decline. Due to the increasing costs and insufficient demand in the factories, downtimes began. Factories in Payas have been continuing their production alternately due to maintenance works since last week.

New stance news comes from Istanbul. Market representatives are talking about that Çolakoğlu and Kroman will stop production soon. As the factories try to reduce the supply, the decreases in prices are expected to be limited.

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

Istanbul iron prices          14.400 TL (0.00)

Izmir iron prices               14.000 TL (-200)

Karabuk iron prices           14.100 TL (-100)

Payas iron prices               were announced as 14,400 TL (-100).