As of today, February 2, local rebar prices in the Turkish spot market have mostly increased by TRY 100/mt with only minor changes in US dollar basis, in order offset the ongoing currency fluctuations, while falling by TRY 100/mt ($3/mt) in the Iskenderun region amid aggressive pricing policies in the region. Consequently, local 12 mm rebar prices in the spot market are now in the range of TRY 28,300-29,200/mt ($542-559/mt) ex-warehouse, depending on the region, with the exchange rate at $1 = TRY 43.50.
Official rebar offers for cash payments in the Marmara and Izmir regions, including İçdaş' prices, have settled at $550-570/mt ex-works, unchanged over the same period, while acceptable prices are still available at $545-560/mt ex-works, also stable over the same period.
One Iskenderun-based mill has set its official rebar price today at TRY 28,200/mt ($540/mt), indicating a decrease of TRY 300/mt ($7/mt) compared to January 29. Another Iskenderun-based mill has set its official rebar price at TRY 29,300/mt ($561/mt) ex-works today, up by TRY 300/mt ($4/mt) over the same period. Sources say several Iskenderun-based rolling mills are offering rebar today to serious buyers at TRY 28,200-28,500/mt ($540-546/mt) ex-warehouse, down TRY 100/mt ($3/mt) over the same period.
The general sentiment on the demand side is negative due to adverse weather conditions and also the approach of Ramadan which begins on February 19.
| Region | Dimension | Price ($/mt) | Price (TRY/mt) | Price changes ($/mt) | Price changes (TRY/mt) |
| 29.01.2026 | 29.01.2026 | ||||
| Marmara | 8 mm | 588 | 30,700 | +1 | +100 |
| Marmara | 12 mm | 559 | 29,200 | +1 | +100 |
| Iskenderun | 8 mm | 571 | 29,800 | -3 | -100 |
| Iskenderun | 10 mm | 565 | 29,500 | -3 | -100 |
| Iskenderun | 12 mm | 542 | 28,300 | -3 | -100 |
| Izmir | 8 mm | 575 | 30,000 | +1 | +100 |
| Izmir | 10 mm | 569 | 29,700 | +1 | +100 |
| Izmir | 12 mm | 546 | 28,500 | +1 | +100 |
| Karabuk | 8 mm | 577 | 30,100 | +1 | +100 |
| Karabuk | 12 mm | 548 | 28,600 | +1 | +100 |
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 43.50
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