Turkish rebar market maintained a flat trend as mid-October began. After showing signs of recovery at the start of September, the market entered the week of October 13 in a subdued mood, following nearly two months of weak performance.
Market participants emphasize that the main reason behind this stagnation is insufficient domestic demand. A representative commented, “With demand remaining weak, producers are reluctant to raise prices. Traders’ inventories are low, but mills are still holding high stock levels,” the source said.
Prices vary slightly by region. In İzmir, rebar is trading around $540/ton, while in the Marmara region, ex-works prices range between $570–575/ton. İçdaş officially announced report that actual transactions are taking place closer to $545/ton. In İskenderun, one producer was heard to have opened offers at 27,500 TL/ton.
Limited activity in exports
The long-awaited recovery in exports has yet to materialize. Türkiye’s rebar export prices are assessed at around $540/ton FOB, but many exporters say they have not observed a significant rise in new orders.
An exporter commented, “Buyers are in a wait-and-see mode. Rising scrap prices support export expectations, but right now, no one wants to take a risk,” they said.
Another market participant added, “Demand from the Middle East and North Africa remains slow, and in Europe, apart from project-based purchases, there’s no meaningful volume,” they noted.
Outlook remains negative
Industry representatives see little chance of a recovery in the short term. The lack of any meaningful improvement in domestic demand continues to weigh on producers.
A mill source said, “Even though scrap prices are rising, end-user demand is very weak. Mills may be forced to reduce production,” while another participant remarked, “We don’t expect any notable price increase until the end of the year; in fact, prices could soften further in some regions,” they warned.
Türkiye spot rebar prices by region as assessed by www.steelradar.com on October 17, 2025;
Istanbul rebar prices 28,100 TL / $558
Izmir rebar prices 27,300 TL / $542
Karabük rebar prices 28,600 TL / $568
Payas rebar prices 27,600 TL / $548
1 USD = 41,95
©SteelRadar
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