Turkish rebar producers have kept their export prices unchanged from last week, despite persistently weak demand in foreign markets.
According to recent data, Turkish mills’ export offers on Thursday stood at $550–555 per tonne fob Türkiye for rebar and $555–565 per tonne fob for mesh-quality wire rod, remaining at the same levels as the previous week.
Sales activity was limited this week due to the Republic Day holiday on 28–29 October. Producers continue to face pressure from buyers and sluggish demand, making it difficult to maintain current price levels. Some deals were reportedly concluded at $545/t or lower, leading to losses for mills despite high scrap and billet costs.
In the scrap market, no new bookings were reported this week as US and European suppliers continued to resist lower prices targeted by Turkish mills, holding firm at $350/t cfr Türkiye from the US and $340/t cfr from Europe.
Meanwhile, Chinese-origin billet offers have risen to above $470/t cfr Türkiye, compared with Turkish mills’ earlier bookings at $455–457/t in previous weeks.
