Iron prices in Turkey have moved up in the last two days. However, a downward trend continues in the steel market in general. The post-election uncertainty in the USD/TL exchange rate has increased trading volumes.
Icdas A.S., one of Turkey's market players, announced that its list prices were maintained at $660, but prices of up to $650 were heard from the market depending on demand.
Producers in the Istanbul region accelerated their sales at prices between $647-655, while a producer in Izmir announced a price of $640. A producer in Iskenderun revised its current price to $647 after selling some cargoes at $643.
Spot rebar prices assessed by www.steelradar.com are as follows;
Istanbul rebar prices 14.900 TL (+100) / 763,56 USD (+5,12)
Izmir rebar prices 14.900 TL (+100) / 763,56 USD (+5,12)
Karabuk rebar prices 14.900 TL (+100) / 763,56 USD (+5,12)
Payas rebar prices 14.950 TL (+100) / 766,14 USD (+5,12)
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