Recent Market Overview
Turkish rebar export prices have experienced a slight decline, driven by:
- Weak market demand
- Challenging market conditions
These factors have led to reduced trading activity as buyers resist higher offers.
Current Pricing and Trade Dynamics
- Buyers’ acceptable range: $565-580/ton FOB
- Sellers’ offers: $595-600/ton FOB
- Some mills’ offers: Up to $620/ton FOB
According to reports from the European market, the workable price from Turkish mills is in the $595-600/ton FOB range. However, this price increase has been difficult to implement, especially in the European and African markets, where $565/ton FOB remains the highest price buyers are willing to pay.
Regional Market Insights
- Europe:
Despite European mills announcing a €40/ton increase for long products, market conditions are not strong enough to support this price rise. - Asia:
While rebar prices have risen significantly, actual transaction volumes remain low. - Egypt:
Rebar offers are $20/ton lower than Turkish mill prices, approximately $590/ton FOB. However, no deals have been concluded at this price level.
Domestic Market and Raw Material Impact
- Domestic demand in Turkey has also weakened. Mills are offering at $660/ton EXW, but this price is proving difficult to achieve.
- Export volumes have diminished as a result.
- The drop in imported scrap prices has pushed the achievable rebar price for Turkish sellers down to $600/ton FOB.
Summary from LangZo Steel
LangZo Steel notes that these ongoing market shifts reflect the price pressures facing the Turkish rebar industry amid fluctuating global demand and economic uncertainties. This decline in export prices highlights the challenges sellers face in maintaining competitive offers in the current environment.
