While the focus of domestic markets turned to the interest rate decision to be announced on Thursday, the USD/TL reached new record levels.
The upward movement in exchange rates and iron and steel market before the interest rate decision indicates that new records may come. Rebar prices, which increased to 19.320tl with a quick attack in the last quarter of June, were at $630 in dollar terms in the same period. Producer prices, which are $590 today, moved to 18,700tl with the sharp increase in the dollar exchange rate.
Accordingly, rebar prices in the spot market are trading at 18,500-18,600 Turkish liras while the dollar exchange rate has exceeded 26.90 Turkish liras.
www.steelradar.com 's evaluated, rebar prices by region are as follows;
Istanbul rebar prices 18,800 TL (+600) / $593 (+8)
Izmir rebar prices 18.500 TL (+300) / 583$ (-2)
Karabuk rebar prices 18,600 TL (+450) / $587 (+3)
Payas rebar prices 18.600 TL (+400) / 587 $ (+2)
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