[SMM Steel] Low Inventories and Cost Support Drive Rebound in Turkish Rebar Prices

Published: Aug 18, 2026 16:52

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[Turkey] Supported by low production output and thin profit margins, steelmakers pushed up domestic rebar quotes. Meanwhile, warehouses and traders with low inventories are currently purchasing only on an as-needed basis and have not yet initiated large-scale restocking. Regionally, supply in the Marmara region is the tightest; impacted by August export scheduling and low capacity utilization, certain rebar specifications remain in short supply, driving quotes up from 585–600 USD/tonne last week to 590–605 USD/tonne EXW. Mainstream mills in Izmir pushed their offers up to 580 USD/tonne EXW, while quotes from some mills in Iskenderun hovered around 575–580 USD/tonne EXW. On the export front, elevated sea freight costs continue to pressure FOB prices, resulting in muted trading activity. Current export offers are holding steady at 580–585 USD/tonne FOB, whereas buyer bids largely remain below 575 USD/tonne FOB.

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