Local Turkish rebar prices increase sharply after holiday

Monday, 23 March 2026 17:15:12 (GMT+3)   |   Istanbul

Turkish rebar mills have started the post-holiday week with a significant price increase in the domestic market amid slightly positive demand expectations for spring, higher expectations for import scrap and billet prices, and the impact of the war in the Middle East. However, although some sales have been done in some regions, buyers are still purchasing according to their daily requirements and are avoiding piling up significant stocks.

Official rebar offers and workable prices for cash payment in the Marmara and Izmir regions, including İçdaş' prices, have settled at $580-590/mt ex-works and $575-585/mt ex-works, respectively, as compared to March 12. These prices indicate an increase of $10-20/mt over the same period. One Izmir-based mill opened its rebar sales at TRY 30,800/mt ($579/mt) ex-works today, with an increase of TRY 1,000/mt ($15/mt) over the same period. According to sources, around 10,000-20,000 mt have been traded in the Izmir region at $575-580/mt ex-works.

One of the Iskenderun region-based mills has set its official rebar price today at TRY 30,500/mt ($573/mt) ex-works, also up by TRY 500/mt ($6/mt) compared to March 12. Sources report that several Iskenderun-based rolling mills are offering rebar today to serious buyers at TRY 30,300-30,400/mt ($569-571/mt) ex-warehouse, up by TRY 900/mt ($14/mt) over the same period.

Domestic mills’ higher rebar prices have triggered another increase in the spot market by TRY 1,000/mt ($15-16/mt). Currently, local 12 mm rebar prices in the spot market are in the range of TRY 30,500-31,000/mt ($573-582/mt) ex-warehouse, depending on the region.

Region Dimension Price ($/mt) Price (TRY/mt) Price changes ($/mt) Price changes (TRY/mt)
12.03.2026 12.03.2026
Marmara 8 mm 610 32,500 +15 +1,000
Marmara 12 mm 582 31,000 +15 +1,000
Iskenderun 8 mm 601 32,000 +15 +1,000
Iskenderun 10 mm 595 31,700 +15 +1,000
Iskenderun 12 mm 573 30,500 +16 +1,000
Izmir 8 mm 601 32,000 +15 +1,000
Izmir 10 mm 595 31,700 +15 +1,000
Izmir 12 mm 573 30,500 +16 +1,000
Karabuk 8 mm 601 32,000 +15 +1,000
Karabuk 12 mm 573 30,500 +16 +1,000

All prices are ex-warehouse and on actual weight basis. Prices in Turkish liras include 20 percent VAT, while prices in US dollars exclude VAT.

$1 = TRY 44.38

MelekDurmaz Aktaş
Melek Durmaz Aktaş
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I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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