Rebar prices continue to decline in Turkey

Turkey's scrap and rebar prices continue to decline. On Friday, it was heard that Baltic origin HMS 1&2 80:20 scrap was purchased at $403/t cfr.

According to market information, there were rumors that a US origin deal was concluded at $399/ton cfr, but the transaction was denied. It was also heard that a factory in the Marmara region purchased Romanian origin HMS 1&2 80:20 from Turkey at $365/tonne cfr.

Turkish producers, who are having a hard time with the exchange rate problem and the additional costs it brings, have difficulties in their sales. Steelmakers, who were not very hopeful in May, had to reduce their rebar prices by an average of $30 on the first business day of the month. The prices of some factories were announced as follows;

İçdaş Biga Rebar (12-32mm) $660 (-30)

Plain Wire Rod $670 (-40)

Deformed Wire Rod $680 (-40)

Icdas Istanbul Rebar (12-32mm) $675 (-30)

Plain Wire Rod $685 (-40)

Deformed Wire Rod $695 (-40)

Kroman Rebar $660 (-30)

Tosyalı Rebar 15,150 tl / $670 (-200tl / -$10)

Habaş Rebar $670 (-5) (Discounted price may change according to demand)

Baştuğ Rebar 15.300tl/ $665

Turkish spot rebar prices showed an average decrease of 150tl / $10 compared to Friday, and regressed to $655.

The current rebar prices evaluated by www.steelradar.com  are as follows;

Istanbul rebar prices $655 / 15.050 TL (-150)

Izmir rebar prices $655/15,050 TL (-150)

Karabuk rebar prices $655 / 15.050 TL (-150)

Payas rebar prices $655/TL 15,050 (-150)