[SMM Steel] Turkish Long Steel Prices Rebound Slightly Amid Muted Trading and Mill Support

Published: Aug 21, 2026 15:43

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[Turkey] Supported by low capacity utilization rates and expectations of a seasonal demand recovery in September, Turkish steelmakers continued to nudge domestic long steel quotes higher today. While solid profit margins compared to imported scrap and cautious buyer sentiment capped significant gains, domestic rebar quotes still edged up to 587 USD/tonne EXW (excluding VAT). Regionally, two mills in the Marmara region raised offers by 5 USD/tonne to 605 USD/tonne EXW, with local trader ex-works quotes holding steady at 595–600 USD/tonne EXW. In Iskenderun, a mill lifted its ex-works price to 588 USD/tonne EXW, prompting regional trader quotes to follow suit up to 583 USD/tonne EXW. In Izmir, trader offers increased to 580 USD/tonne EXW. On the export front, rebar trading remained sluggish—due to the summer lull in Europe and maritime risks keeping Red Sea and Yemeni buyers on the sidelines—with mainstream offers holding at 575–580 USD/tonne FOB.

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