Local Turkish rebar spot prices decrease

Thursday, 13 February 2025 15:30:18 (GMT+3)   |   Istanbul

As of today, February 13, Turkish domestic rebar spot prices have decreased by TRY 100-300/mt ($4-11/mt) amid the ongoing currency fluctuations and sluggish demand. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,900-24,400/mt or $551-563/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 36.12.

The official rebar prices in the Marmara and Izmir regions vary at $560-580/mt ex-works, including Icdas A.S.’s prices, while the workable rebar prices in these regions vary at $550-565/mt ex-works, down by $10/mt over the same period, for cash payment only.

Mills' official rebar prices in the Iskenderun region vary at TRY 24,300-24,400/mt ($561-563/mt) ex-works, down by TRY 200-300/mt ($6-9/mt) , while a few re-rollers in the region are offering rebar at TRY 23,800-24,200/mt ($549-558/mt) ex-warehouse, down by TRY 200-400/mt ($7-11/mt) over the same period.

One Samsun-based mill has closed its rebar sales until Monday, February 17.

As of today, rebar offers in the Turkish spot market are as follows:

Region Dimension Price ($/mt) Price (TRY/mt) Price changes ($/mt) Price changes (TRY/mt)
10.02.2025 10.02.2025
Marmara 8 mm 586 25,400 -11 -200
Marmara 12 mm 563 24,400 -6 -200
Iskenderun 8 mm 577 25,000 -9 -300
Iskenderun 10 mm 572 24,800 -9 -300
Iskenderun 12 mm 554 24,000 -9 -300
Izmir 8 mm 574 24,900 -5 -100
Izmir 10 mm 570 24,700 -4 -100
Izmir 12 mm 551 23,900 -5 -100
Karabuk 8 mm 581 25,200 -7 -200
Karabuk 12 mm 558 24,200 -7 -200

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

$1 = TRY 36.12

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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