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Scrap, billet and rebar prices rise in Türkiye

Price offers are rising in the Turkish iron and steel market.

Scrap, billet and rebar prices rise in Türkiye

Türkiye's imported scrap prices have been raised on the back of a new EU deal. The one-day price assessment for HMS 1&2 (80:20) from the US East Coast rose to $367/ton CFR Turkey on August 14, compared to $357/ton CFR a day earlier.

Imported billet prices for Türkiye were $10-15 higher at $480-490/ton CFR, compared to $475/ton CFR a week ago. Around 3,000 tons of billets were sold at $495/ton CIF, while semis for immediate shipment from Russia were offered at $500/ton CFR.

Türkiye's rebar export prices increased by $10-15/ton to $570/ton FOB for September shipments. However, demand remains weak.

Local prices at Türkiye's steel mills rose by $15-20 to $580, while spot rebar prices are trading between 18,700-18,900tl / $576-582.

August 14, 2023 Spot rebar prices by region, as assessed by www.steelradar.com, are as follows;

Istanbul rebar prices 18,900 TL (+400) / $582

Izmir rebar prices 18.700 TL (+400) / $576

Karabuk rebar prices 18,800 TL (+300) / $579

Payas rebar prices 18.750 TL (+350) / $578


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