The Turkey region steel market is showing long-running stability in pricing trends related to 

rebar exports and billet and scrap imports, despite a recent surge in domestic rebar pricing, 

according to analysis using S&P Global Platts Turkey ARC indices. 

At the end of May, domestic prices for the reference construction steel surged outside typic

al premiums tracked over export prices. 

Platts domestic rebar prices excluding VAT were 15.44% above export prices, based on Pla

tts  data for May 26, well above an average premium for domestic prices of 2.5% seen over 

June 2016 through early April 2017. 

In the  local market, there was talk around expectations for Turkey's government to finalize 

measures to increase overall availability in the Turkish rebar market, with cabinet approval 

sought to reduce customs duties on rebar imports.