Rebar and wire rod prices continue to increase under the leadership of Icdas

Rapidly increasing raw material prices in the Turkish iron and steel market caused an increase in factory prices.

İçdaş A.Ş., one of Turkey's leading steel producers. It increased the prices of rebar and wire rod by $10/ton and announced the list prices as follows.

Biga;

Rebar (12-32mm) 610$

Plain Wire Rod 630 $

Deformed Wire Rod 640 $

İstanbul;

Rebar (12-32mm) 621$

Plain Wire Rod 641$

Deformed Wire Rod 651$

Scrap prices increased by 9 percent in the last week, rising from $390/ton to $425/ton. Scrap prices of producers affiliated with the Aliağa ship dismantling facility in Izmir increased by 4 percent in the last week, from an average of $375/ton to $390/ton.

While the increase in figures increased the scrap supply, it caused ship breaking prices to drop to an average of $387/ton with a 1 percent depreciation in the last two days.

The lower level of supply despite the increase in demand in the market makes the rebar price increase stronger. Following İçdaş, iron and steel factories in the Marmara region increased their prices by $10/ton, while spot prices in the region increased by 400 TL.

Spot rebar prices by region, evaluated by www.steelradar.com on December 7, 2023, are as follows;

Istanbul rebar prices 21.700 TL (+400)

Izmir rebar prices 21.100 TL (+200)

Karabük rebar prices 21.100 TL (+200)

Payas rebar prices 21.800 (+200)