Today, May 27, Turkish domestic rebar spot prices have mostly remained unchanged in the local currency with only minor changes on US dollar basis, except in the Karabuk region where spot prices have risen by TRY 100/mt (3$/mt) as compared to Thursday, May 23, amid ongoing currency fluctuations and limited supply. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 22,700-23,600/mt or $588-611/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 32.18.
Icdas has kept its official dollar-based rebar price stable at $620/mt ex-works today, while the workable rebar prices in the Izmir and Marmara regions vary at $590-600/mt ex-works for serious buyers, up by $5/mt on the lower end due to the limited supply over the past week.
One Iskenderun-based mill has kept its rebar price unchanged today at TRY 23,700/mt ($614/mt) ex-works.
According to sources, 10,000-15,000 mt of rebar were traded at $600/mt ex-works in the Marmara region at the end of last week.
Most buyers are in wait-and-see mode and are monitoring the import scrap price trend.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
23.05.2024 |
23.05.2024 |
||||
Marmara |
8 mm |
627 |
24,200 |
+1 |
0 |
Marmara |
12 mm |
601 |
23,200 |
+1 |
0 |
Iskenderun |
8 mm |
637 |
24,600 |
0 |
0 |
Iskenderun |
10 mm |
632 |
24,400 |
+1 |
0 |
Iskenderun |
12 mm |
611 |
23,600 |
0 |
0 |
Izmir |
8 mm |
614 |
23,700 |
+1 |
0 |
Izmir |
10 mm |
609 |
23,500 |
+1 |
0 |
Izmir |
12 mm |
588 |
22,700 |
+1 |
0 |
Karabuk |
8 mm |
622 |
24,000 |
+3 |
+100 |
Karabuk |
12 mm |
596 |
23,000 |
+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 32.18
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