Iskenderun-based Turkish mill reduces its rebar price

Tuesday, 22 October 2024 13:56:31 (GMT+3)   |   Istanbul

SteelOrbis has been informed that today, October 22, an Iskenderun-based Turkish mill has cut its rebar price by TRY 250/mt ($7/mt) to TRY 26,250/mt ($639/mt) ex-works, for an extended delivery period, as compared to Thursday, October 17. The producer has kept its wire rod price stable at $630/mt ex-works, also for an extended delivery period. The main reason for the price cut for rebar is the sluggish demand and the ongoing currency fluctuations. The exchange rate is taken as $1 = TRY 34.25 as the mill itself has not indicated any specific exchange rate.

MelekDurmaz Aktaş
Melek Durmaz Aktaş
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I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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