Turkish domestic rebar spot prices fall amid sluggish demand

Thursday, 03 April 2025 16:07:30 (GMT+3)   |   Istanbul

As of today, April 3, Turkish domestic rebar spot prices have fallen by TRY 100-300/mt ($1-6/mt) against the backdrop of sluggish demand and the ongoing currency fluctuations, compared to Thursday, March 27. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 25,500-26,400/mt or $560-580/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 37,95

The official rebar prices in the Marmara and Izmir regions vary at $570-595/mt ex-works, down by $5/mt on the lower end, including Icdas A.S.’s prices,  while the workable rebar prices in these regions vary at $565-590/mt ex-works, stable over the same period, for cash payment only.

One Iskenderun-based mill has issued its rebar price at TRY 26,000/mt ($571/mt) ex-works today. In addition, one Samsun-based mill has closed its rebar sales until Monday, April 7.

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)
27.03.2025 27.03.2025
Marmara 8 mm 602 27,400 -1 -100
Marmara 12 mm 580 26,400 -1 -100
Iskenderun 8 mm 588 26,800 -6 -300
Iskenderun 10 mm 584 26,600 -6 -300
Iskenderun 12 mm 567 25,800 -5 -300
Izmir 8 mm 582 26,500 -4 -200
Izmir 10 mm 578 26,300 -3 -200
Izmir 12 mm 560 25,500 -4 -200
Karabuk 8 mm 588 26,800 -6 -300
Karabuk 12 mm 567 25,800 -5 -300

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 37.95


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