[SMM Steel] Low Prices Spur Surge in Orders, Turkey's Kardemir Cuts Rebar Prices

Published: Jun 26, 2026 15:31

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[Turkey] Turkey's leading steel mill Kardemir reduced its China 0.012-0.032 rebar EXW price by 10 USD/tonne to 573 USD/tonne EXW (excluding VAT) in the latest round, down from 583 USD/tonne previously. Stimulated by the price correction, local market buying enthusiasm rebounded sharply. The batch was fully sold out shortly after bookings opened, enabling the mill to secure substantial orders in a short time.

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