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The rebar market in Türkiye fell into a downturn due to seasonal challenges

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We have learned that the demand for rebar in Türkiye has slowed down due to seasonal factors recently, and the market has fallen into a downturn. At present, the mainstream price of rebar in Türkiye is US $610-620/ton FOB, the higher price of some resources is US $640/FOB, and the tradable price is US $600-610/ton FOB. No transaction has been heard yet A635 BHS steel. To stimulate consumption, some steel mills are willing to reach deals at lower prices. However, due to high raw material costs, the currently acceptable lowest price in the market remains at $600/ton FOB. In addition, some traders have stated that compared to the Israeli market, the European market currently accepts higher prices A635 BHS steel .

As of the press date, the price of 1/2 (80:20) high-quality remelted scrap imported by Türkiye is still at a high level, the tradable price of Baltic resources is 425 dollars/ton CFR, and the tradable price of EU resources is 420 dollars/ton CFR. Some traders believe that the price of scrap steel may slightly decrease in the later stage, thereby exerting downward pressure on the price of rebar. However, most believe that the market is currently in a relatively balanced state, and the price fluctuation in the short term will not be too large A635 BHS steel .

  • Source: Abstract
  • Editor: Shirley

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