Turkey's rebar prices remain strong against rising exchange rates

Turkish rebar prices continue to resist the rising dollar exchange rate. Rebar prices in the Iskenderun region, which dropped to $636 as the base price about two weeks ago, have not fallen below $640 in the last week, struggling against the rising exchange rate.

The rise in the dollar is expected to continue in parallel with Turkey's political and economic changes, while dollar-based prices are expected to decline unless demand gains momentum.

Current spot rebar prices evaluated by www.steelradar.com are as follows;

Istanbul rebar prices 18,100 TL (+200) / $657 (+2)

Izmir rebar prices 17,900 TL (+200) / 649$ (+1)

Karabuk rebar prices 17,800 TL (+100) / $646 (-2)

Payas rebar prices 17.800 TL (+1000) / 646$ (+6)

Differences in thick and thin products of factories have changed

Factories have increased the price differentials for thin products (10mm and 8mm) due to rising production costs.

Differentials for thick and thin products of leading mills were announced as follows.