As cash flows continue to tighten in global markets, iron and steel markets continue to contract. In Türkiye's steel sector, exports remain weak and offers are heard at around $580. Demand is sluggish in the domestic market. Turkish steel producers are expected to announce rebar list prices at $595-620, with discounts of $5-15 depending on demand and regions.
Industry representatives say that the market is stable but not completely stagnant. It is emphasized that demands are generally in line with the needs and there is no excess stock. In this period, it is observed that there is no tendency to overstock as in pandemic periods. While there is a general uncertainty in the market, sector representatives state that they will closely follow the developments in the coming period and act according to the market situation.
Spot rebar prices by region, as evaluated by www.steelradar.com on March 13, 2024;
Istanbul rebar prices 23,500 TL (+100)
Izmir rebar prices 23.000 TL (0,00)
Karabuk rebar prices 23.400 TL (0,00)
Payas rebar prices 23,900 (0.00)
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