Price increase expectation in rebar: Uncertainty continues in the markets

The recent increase in iron ore and scrap prices also causes activity in rebar prices. Some sources in the sector think that these increases will be reflected in prices.

While it is stated that the market is calm in Iskenderun, it is stated that this situation is due to people's hesitation in using credit. However, concerns are also expressed that the problems will worsen if interest rates continue.

While the increases in costs are expected to be reflected in the prices in the markets, price increases are postponed due to ongoing uncertainties.

On the other hand, a revival is expected in the markets after the election. However, according to some sources, it does not seem possible to see the desired improvement without an interest rate cut. It is stated that the activity in the markets depends on the economic indicators and the policies to be taken.

Spot rebar prices by region, evaluated by www.steelradar.com on 21 March 2024;

Istanbul rebar prices 23.600 TL (0.00)
Izmir rebar prices 23.200 TL (0.00)
Karabük rebar prices 23.400 TL (0.00)
Payas rebar prices 24,000 (0,00)