[SMM Iron & Steel] Turkish Billet Prices Rebound Amid Elevated Costs and Scrap Demand

Published: Apr 30, 2026 13:52

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In March, square billet prices in Turkey on an Ex-Works basis increased by an average of $33 to reach $538 per metric ton. The upward trend was primarily supported by strong domestic demand for scrap, surging freight rates, and rising local rebar prices, which reached $590–$610 per metric ton. During the month, the Kardemir plant sold a volume of 70,000 metric tons of billets, raising its prices by $15/t following previous consecutive cuts. Mid-month tender prices settled at $505/t for S235JR grade and $510/t for B420 grade (excluding 20% VAT).

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