rebar prices

Prices were supported by the increase in production costs, in particular due to the increase in the cost of scrap and iron ore

The Spanish Celsa raised prices in Europe for all its products by €30/t

At the same time, the production of these products may fall due to seasonal factors

In Turkiye, prices are supported by a stable scrap market, and in China – by economic incentives from the government. The US market is stable

Markets is in anticipation of the beginning of the autumn construction season, maintaining low levels of sales

There is a seasonal slowdown in trade on the market

In the Chinese market – the opposite trend, as participants continue to rely on active policies to stimulate the economy

Turkish rebar remain competitive in foreign markets

China is reinforcing this trend by trying to expand exports at reduced prices

Both prices and sales volumes are decreasing on the rebar market

In most world markets, except for the European one, prices for rebar are increasing at the beginning of March 2023

5 million tons of steel will be needed to rebuild the regions affected by the earthquake