Today, June 13, Turkish domestic rebar spot prices have fallen by TRY 100/mt, as compared to Monday, June 10, in order to offset currency fluctuations, with minor changes on US dollar basis. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 22,700-23,800/mt or $586-614/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 32.30.
Icdas has kept its official dollar-based rebar price stable at $620/mt ex-works today. In addition, the workable rebar prices in the Izmir and Marmara regions still vary at $585-605/mt ex-works, for serious buyers and cash payment.
One Iskenderun-based mill is offering its rebar price today at TRY 23,750/mt ($613/mt) ex-works for an extended delivery period.
Some local traders are applying aggressive pricing strategies and giving additional discounts in order to generate cash ahead of the holiday season.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
10.06.2024 |
10.06.2024 |
||||
Marmara |
8 mm |
627 |
24,300 |
0 |
-100 |
Marmara |
12 mm |
601 |
23,300 |
0 |
-100 |
Iskenderun |
8 mm |
640 |
24,800 |
0 |
-100 |
Iskenderun |
10 mm |
635 |
24,600 |
0 |
-100 |
Iskenderun |
12 mm |
614 |
23,800 |
0 |
-100 |
Izmir |
8 mm |
611 |
23,700 |
-1 |
-100 |
Izmir |
10 mm |
606 |
23,500 |
-1 |
-100 |
Izmir |
12 mm |
586 |
22,700 |
0 |
-100 |
Karabuk |
8 mm |
627 |
24,300 |
0 |
-100 |
Karabuk |
12 mm |
601 |
23,300 |
0 |
-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 32.30
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