Despite the end of the Eid holiday period, the expected post-holiday revival has not yet materialized in the Turkish rebar market. Weak domestic demand, sluggish export orders, and cash flow difficulties are contributing to a generally stagnant atmosphere.
In the domestic market, prices remained flat overall within the range of $530–565/ton, with regional variations. In the İzmir region, prices dropped as low as $530/ton, while ex-works prices in the Marmara region continued to hover in the $555–560/ton band. İçdaş’s official price remains steady at $560/ton, but actual market transactions are mostly taking place around $540/ton.
One of the main reasons behind the price compression is that producers are selling directly to the market, increasing competition with traders. In an environment of limited demand, buyers are turning directly to producers, leaving traders in a difficult position.
Market participants expect the current situation to persist throughout the summer. One participant summarized the situation by saying, “Now, the factory is the trader’s rival. Many rolling mills that need cash are forced to lower their prices. Demand is almost non-existent, and the little that remains goes straight to producers. Nothing significant is likely to happen in this market until September. Cash flow is very weak, and many companies are struggling to meet their payments.”
It is also noted that the impact of geopolitical developments and macroeconomic decisions on the market has diminished. Another participant stated, “Even when the war started, rebar prices didn’t move much, and the ceasefire didn’t change anything either. We want to tie this to the interest rate decision, but any real effect would only come if rates fall below 30%. Everyone believes the year will continue like this. Even if the lira weakens against the dollar, rebar prices in TRY terms will stay flat, and in dollar terms, there’s still room to fall.”
Meanwhile, some regions are experiencing limited supply tightness, but this is not reflected in prices due to sluggish demand. “It’s getting harder to find material for certain products, but overall the market remains very quiet. There’s no buying activity, and the price pressure continues as a result,” one source emphasized, highlighting the cautious mood in the market.
The general consensus is that the flat and low-volume market will likely continue through most of the summer, with hopes of recovery pushed to September and beyond.
Türkiye spot rebar prices by region, as assessed by www.steelradar.com on June 24, 2025;
Istanbul rebar prices 26.200 TL $551
Izmir rebar prices 25.500 TL $536
Karabuk rebar prices 26.000 TL $547
Payas rebar prices 25.800 TL $540
1 USD = 39,64 TL
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