As of today, February 20, Turkish domestic rebar spot prices have mostly fallen by TRY 100-200/mt ($3-5/mt) amid the ongoing currency fluctuations and the aggressive prices of a few local traders aimed at generating cash ahead of Ramadan, while remaining stable in the local currency in the Iskenderun region, with minor changes on US dollar basis, compared to Monday, February 17. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,800-24,300/mt or $546-558/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 36.30.
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 still vary at $550-565/mt ex-works, stable over the same period, for cash payment only. Moreover, one Marmara-based mill has closed its rebar sales today.
Mills' official rebar prices in the Iskenderun region vary at TRY 24,200-24,700/mt ($556-567/mt) ex-works, while a few re-rollers in the region are offering rebar at TRY 24,000-24,200/mt ($551-556/mt) ex-warehouse.
As Turkish mills are attempting to push up their official rebar prices due to the positive sentiment in the import scrap segment, a few local traders are in wait-and-see mode, while some other local traders are applying aggressive pricing policies in order to destock and generate cash ahead of Ramadan.
As of today, rebar offers in the Turkish spot market are as follows:
| Region | Dimension | Price ($/mt) | Price (TRY/mt) | Price changes ($/mt) | Price changes (TRY/mt) |
| 17.02.2025 | 17.02.2025 | ||||
| Marmara | 8 mm | 581 | 25,300 | -5 | -200 |
| Marmara | 12 mm | 558 | 24,300 | -5 | -200 |
| Iskenderun | 8 mm | 576 | 25,100 | -1 | 0 |
| Iskenderun | 10 mm | 572 | 24,900 | -1 | 0 |
| Iskenderun | 12 mm | 553 | 24,100 | -1 | 0 |
| Izmir | 8 mm | 569 | 24,800 | -4 | -100 |
| Izmir | 10 mm | 565 | 24,600 | -3 | -100 |
| Izmir | 12 mm | 546 | 23,800 | -4 | -100 |
| Karabuk | 8 mm | 576 | 25,100 | -3 | -100 |
| Karabuk | 12 mm | 553 | 24,100 | -3 | -100 |
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 36.30
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