Rebar prices, which gained momentum with the scrap connections from Europe, have yet to meet expectations in terms of demand. The common comment of traders on the demand balance, which varies according to regions, is that 'purchases are infrequent'.
18.08.2023 İÇDAŞ prices remained flat.
Rebar (12-32mm) $590
Plain Wire Rod $600
Deformed Wire Rod 610 $
Istanbul;
Rebar (12-32mm) 601$
Plain Wire Rod 611$
Deformed Wire Rod 621$
However, the expectation that İÇDAŞ will raise $10 on Monday has found a place in the market. The exchange rate balance is also expected to be more volatile at the beginning of the week.
In the spot market, prices remained flat in Izmir and Istanbul, while prices below -100 to -200 TL were heard with discounts.
August 18, 2023 www.steelradar.com evaluated spot rebar prices by region as follows;
Istanbul rebar prices 19,200 TL (0.00)
Izmir rebar prices 18.950 TL (0,00)
Karabuk rebar prices 19.000 TL (+100)
Payas rebar prices 19.000 TL (+100)
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