Türkiye iron prices are declining

Türkiye's spot rebar prices are falling in the iron and steel market. Although steel producer prices remained stable between $620-635/ton, iron prices decreased on a merchant basis. Although the decreases in the announced list sales prices seem to be 100 TL/ton, offers are heard at 300-400 TL/ton below the list prices.

Spot rebar prices by region, evaluated by www.steelradar.com on December 19, 2023, are as follows;

Istanbul iron prices 21.400 TL (-100)

Izmir iron prices 20.900 TL (-100)

Karabük iron prices 21.300 TL (-100)

Payas iron prices 21.200 (-100)