How much have iron prices dropped this week?

Steel markets left behind the third week of November 2022. Despite the fact that the factories have halved their capacities, stagnation in demand and excess supply continue. The producers, who do not want to reduce their prices further due to costs, completed this week in the $620-635 band. Spot prices, on the other hand, decreased by 100-300 TL compared to last week's closing.

The rebar prices published daily, are as follows;

Istanbul iron prices 13.850 TL (-50)

Izmir iron prices 13.550 TL (-50)

Karabuk iron prices 13.800 TL (0.00)

Payas iron prices were announced as 13,700 TL (-100).