While rebar sellers in Türkiye are struggling to make sales in the domestic market, they are also facing the same problem in the export market. Last week, it was heard that there was no demand for rebar in the export market, with prices being quoted at $560-570.
Rebar prices in Türkiye's spot market have fallen to the $565-$575 range due to the shortage in the cash cycle, and although producers are trying to stand firm, prices continue to fall.
September 11, 2023 Spot rebar prices by region, as assessed by www.steelradar.com, are as follows;
Istanbul rebar prices 18,600 TL (-100) / 692,12 USD
Izmir rebar prices 18.500 TL (0,00) / 688,40 USD
Karabuk rebar prices 18.500 TL (0,00) / 688,40 USD
Payas rebar prices 18.300 TL (-200) / 680,96 USD
(1 USD=26,87 Turkish Lira)
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