As of today, November 14, Turkish domestic rebar spot prices have decreased by TRY 400-500/mt ($11-15/mt) week on week. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 24,600-25,200/mt or $597-611/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 34.36.
The workable rebar prices in the Marmara and Izmir regions vary at $600-610/mt ex-works, including prices from Icdas A.S., for cash payment only.
One Iskenderun-based mill has issued its rebar price at TRY 25,350/mt ($615/mt) ex-works today. In addition, another Iskenderun-based mill is also offering rebar at TRY 25,500/mt ($618/mt) ex-works, SteelOrbis has heard.
Most buyers are in wait-and-see mode.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
7.11.2024 |
7.11.2024 |
||||
Marmara |
8 mm |
631 |
26,000 |
-11 |
-400 |
Marmara |
12 mm |
606 |
25,000 |
-12 |
-400 |
Iskenderun |
8 mm |
635 |
26,200 |
-15 |
-500 |
Iskenderun |
10 mm |
631 |
26,000 |
-14 |
-500 |
Iskenderun |
12 mm |
611 |
25,200 |
-14 |
-500 |
Izmir |
8 mm |
621 |
25,600 |
-12 |
-400 |
Izmir |
10 mm |
616 |
25,400 |
-12 |
-400 |
Izmir |
12 mm |
597 |
24,600 |
-11 |
-400 |
Karabuk |
8 mm |
635 |
26,200 |
-12 |
-400 |
Karabuk |
12 mm |
611 |
25,200 |
-12 |
-400 |
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 34.36
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