What happens to iron prices?

The sharp exchange rate increases in the domestic market caused us to put the global markets in the second place in the steel industry.

Our commentator, one of the industry experts, evaluated the market with the nickname 'Uzman Demirci'. He commented, "It is the recovery of the forward and spot markets in Asia," which draws attention in the foreign market.

He said, “Ore prices decreased from 87 dollars to 103 dollars. Billet prices rose from $570 to $600. January iron futures contracts rose from $570 to over $620. With the slowdown in the Chinese steel market, it has been started to talk about the need to encourage the construction industry. This situation is shown as the main factor in price increases. ' he continued.

DECREASE EXPECTATION IN THE DOMESTIC MARKET ENDED

KARDEMİR A.Ş closed the billet prices it opened at $688-693 in the Turkish domestic market by selling more than 40 thousand tons. Billet offers from Russia and Ukraine are heard to be around $690.

In addition to all these, imported scrap is around 490 dollars. It is said that it is difficult to experience a further decrease in scrap prices.

According to the market expectation; The predicted decline since the beginning of November has come to an end. It was stated that the horizontal course where upward movements can be observed is possible. However, while all these developments are evaluated on dollar-based prices, the possible change in the exchange rate will affect TL-based prices.