As scrap prices continue to rise, Turkish steel producers continue to gradually increase rebar prices.
Producer prices, which were between $605-630/ton last week, were announced at $610-635/ton today. However, demand in export markets is still weak. Export offers for rebar are hovering around $600-610/ton.
December 11, 2023 Spot rebar prices by region, as assessed by www.steelradar.com, are as follows;
Istanbul rebar prices at 21.800 TL (+100) / 751,80 USD (+3,45)
Izmir rebar prices 21.300 TL (+200) / 734,56 USD (+6,90)
Karabuk rebar prices 21.500 TL (+200) / 741,46 USD (+6,90)
Payas rebar prices 22.000 (+200) / 758,70 USD (+6,90)
1 USD = 29,00 TL
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