Rebar prices in Turkish steel markets decreased by 100-300 TL today. While prices were thought to have reached their peak with the increases in recent weeks, trading began to weaken. Demand for factories has weakened. The Warehouse/Trader focused on selling the stock he had. While sellers do not want to miss the incoming demands, offers are made below the list prices.
The weakening of the market started to put pressure on scrap and billet prices.
Spot rebar prices by region, evaluated by www.steelradar.com on December 14, 2023, are as follows;
Istanbul rebar prices 21.600 TL (-100)
Izmir rebar prices 21.200 TL (-100)
Karabük rebar prices 21.600 TL (-100)
Payas rebar prices 21,500 (-300)
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