Post-election rebar prices announced in Turkey

It is highly anticipated how the markets will follow the course after the critical 14 May elections. Dollar/TL exchange rate increased up to 19.6666.

While the rate of ballot opening in the critical elections is almost 100 per cent, according to unofficial results, it seems likely that the presidential election will remain in the second round.

After the end of the election uncertainty, no change was observed in the Turkish iron and steel markets compared to last week. Demand remained stable and prices remained flat.

Prices announced by other leading producers in Turkey are as follows;

Icdas

12-32mm rebar price $685 / 15.900TL

Icdas

Flat Coil price 695$ /13.660TL(+kdv)

Kroman

Rebar 680$ / 15.800tl

Habas

Rebar 680$ / 15.800tl (can discount according to demand)

Tosyali

Rebar 15.900tl / 685$

Turkey spot rebar prices;

While rebar tonne prices formed according to regions were flat, a 200tl correction was made in Karabük region rebar prices.

A correction was made today in the market, which was high on Friday due to market tension and the inability to get prices from Kardemir.

Spot rebar prices evaluated by www.steelradar.com are as follows;

Istanbul rebar prices 15,800 TL (0.00)

Izmir rebar prices 15.650 TL (0,00)

Karabuk rebar prices 15.800 TL (-200)

Payas rebar prices 15,700 TL (0.00)