The‎‎ latest price of Turkish export rebar fell by $2.50 to $550 per ton FOB. Initial optimism about the Russia-Ukraine peace talks faded, while the tradable price level fell. The market situation was described as calm and unchanged. ‎

‎ According to Platts, high costs and some market conditions caused South American buyers to stop their activity in the Turkish rebar market.

European buyers have also stepped back and are waiting for the European Union’s import quota for the second quarter to be determined.‎