Has the energy crisis affected iron prices?

The iron and steel industry started a week when it faced energy cuts. While Izmir factories will reduce their shifts, the factories in the Payas region will take a 3-day full stop.

As stock levels have been high for a while, with excess supply and insufficient demand in the market, an insurmountable problem is not expected in the sector in the short term.

While factory prices continue at $700-710 today, TL based trader prices increased slightly depending on the exchange rate.

The traded rebar prices we publish on a daily basis are as follows;
Istanbul iron prices increased by 100 TL to 11,200 TL.

İzmir iron prices increased by 100 TL to 11.000 TL.

Karabük iron prices increased by 50 TL to 11.000 TL.

Payas iron prices increased by 50 TL and were announced as 10,900 TL.