In the second week of April, Türkiye's rebar market saw weak domestic and foreign demand, while the energy tariff increase announced over the weekend further squeezed producer margins. Although this increase was a long-awaited development, it became an additional burden for producers who were already struggling to balance their costs. With rising energy costs, profitability in both domestic sales and exports has become more questionable.
In the domestic market, rebar prices varied regionally but generally ranged between 560-580 $/ton. In the Izmir region, prices remained steady at 565 $/ton, while in the Marmara region, factory exit prices were observed at 590 $/ton. İçdaş kept its official dollar-based rebar price at 595 $/mt, while purchases were generally made at 590 $/mt.
Despite these price levels, domestic demand remained stagnant. Buyers continued to adopt a wait-and-see approach due to uncertainty in the market and difficulties accessing financing.
On the export side, Turkish-origin rebar prices remained steady at 570 $/ton FOB, according to market sources. However, even at these price levels, the flow of new orders has been limited. Some market participants stated that buyers were cautious in their purchases, waiting for a price drop.
The Turkish rebar market is going through a challenging period due to weak demand in both domestic and foreign channels, increased competition, rising energy costs, and shrinking margins. Although domestic demand is not expected to recover in the remainder of April, partial regional activity may occur due to public projects. However, the sector’s recovery will largely depend on financial stability, exchange rate balance, and the direction of energy costs.
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