In Türkiye’s rebar market, September brought a modest upward movement in prices. Although no significant recovery in demand has been observed, the increase in imported scrap prices has put upward pressure on the steel market. Market participants emphasize that despite the rise in prices, domestic demand remains weak and buyers continue to act cautiously.
Domestic market price movements
In İzmir, rebar prices are reported at $535/ton, while factory exit prices in the Marmara region stand at $555/ton. Although İçdaş officially announced its price at $555/ton, actual purchases are said to be taking place mostly around $545/ton. In İskenderun, one producer opened prices at 27,250 TRY/ton.
A trader commented: “The rise in scrap prices pushed rebar prices upward, but there is still no significant movement in domestic demand. Contractors and end users are not rushing to buy despite increasing costs.”
On the producers’ side, high stock levels are one of the factors limiting price increases. Market sources note that some producers are flexible with prices in order to reduce their inventories, which prevents stronger upward movements.
Weakness in exports
A similar picture is seen in the export market. Türkiye’s rebar export prices are assessed at around $536/ton FOB. Although offers in the range of $540–545/ton FOB are reported, workable levels remain closer to $535/ton FOB.
An exporter stated: “Rising scrap prices support export expectations, but global buyers are also cautious. Demand is not strong; orders are mostly short-term and need-based.”
It is noted that demand from Middle Eastern and North African markets also remains weak, while purchases in Europe are particularly limited. This results in new contracts being concluded with lower volumes for Turkish exporters.
Scrap prices set the tone
The main driver of market activity has been last week’s rise in import scrap prices. Depending on the origin, scrap prices increased by $6–7/ton throughout the week.
A producer official assessed: “The rise in scrap prices is supporting rebar. However, unless domestic demand increases, this movement may not be sustainable. The rise looks more like a cost-driven correction.”
Market participants agree that developments in the scrap market will be the key determinant for rebar prices in the coming period. With local buyers still reluctant to restock, questions remain over the sustainability of the recent price rise.
A trader added: “There is currently no real recovery in demand. Unless scrap prices fall, the current levels may be maintained, but without a significant increase in domestic consumption, a strong upward trend should not be expected.”
Türkiye spot rebar prices by region as assessed by www.steelradar.com on October 1, 2025;
Istanbul rebar prices 27,300 TL / $548
Izmir rebar prices 26,600 TL / $533
Karabük rebar prices 27,600 TL / $554
Payas rebar prices 27,200 TL / $545
1 USD = 41,59
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