Have rebar prices reached peak in Turkey?

With the slowdown in scrap demand at iron and steel factories, it is being discussed whether prices have peaked. However, market representatives think that the real increase will start in the coming days. In the steel markets, minor adjustments were made in the domestic rebar prices as of March 1, 2023. On the first day of March 2023, when the demand was calm, the prices of Istanbul and Payas decreased by 100 TL.

Rebar prices evaluated by www.steelradar.com announced as follows;

Istanbul rebar prices 17.100 TL (-100)

Izmir rebar prices 17.000 TL (0,00)

Karabük rebar prices 17.250 TL (0,00)

Payas rebar prices 17.400 TL (-100)