Turkish steel markets continue to decrease

Icdas reduced list prices by $20.

Icdas Biga wire rod and rebar prices, which have been at the level of 590$ for a long time, have been decreased by 20$. Current prices;

Biga

Rebar (12-32mm) 570$

Plain Wire Rod 580 $

Deformed Wire Rod $590.

Istanbul;

Rebar (12-32mm) 581$

Plain Wire Rod 591$

Deformed Wire Rod 601$

Supply shortage in Istanbul

Producer prices in Istanbul continue to be flat in the $575-580 range, but TL-based prices have corrected upwards by 50-70 TL due to the USD exchange rate. While producers are trying to keep prices upright with the supply shortage, it is felt that the diameter diversity is narrowing in the incoming demands, albeit to a lesser extent.

Izmir and Karabuk spot market prices decreased

While spot rebar prices in Izmir and Karabuk decreased by 100tl on average, Payas prices remained stable compared to last week's closing. Prices are expected to go down further in the market where demand is very weak.

Spot rebar prices according to regions, evaluated by www.steelradar.com on 16 October 2023, are as follows;

Istanbul rebar prices 19.000 TL (0,00)

Izmir rebar prices 18.600 TL (-100)

Karabuk rebar prices 18.800 TL (-100)

Payas rebar prices 18.800 TL (0,00)