As of today, November 18, Turkish domestic rebar spot prices have fallen by TRY 100-200/mt ($5-9/mt) amid the ongoing currency fluctuations and sluggish demand, compared to Thursday, November 14. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 24,500-25,000/mt or $591-603/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 34.54.
The workable rebar prices in the Marmara and Izmir regions vary at $590-605/mt, versus $600-610/mt ex-works over the same period, including prices from Icdas A.S., for cash payment only.
One Iskenderun-based mill has issued its rebar price at TRY 25,350/mt ($612/mt) ex-works today.
Most buyers are taking their time before concluding new purchases ahead of the Turkish Central Bank's interest rate decision due on Thursday, November 21.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
14.11.2024 |
14.11.2024 |
||||
Marmara |
8 mm |
625 |
25,900 |
-6 |
-100 |
Marmara |
12 mm |
601 |
24,900 |
-5 |
-100 |
Iskenderun |
8 mm |
627 |
26,000 |
-8 |
-200 |
Iskenderun |
10 mm |
622 |
25,800 |
-9 |
-200 |
Iskenderun |
12 mm |
603 |
25,000 |
-8 |
-200 |
Izmir |
8 mm |
615 |
25,500 |
-6 |
-100 |
Izmir |
10 mm |
610 |
25,300 |
-6 |
-100 |
Izmir |
12 mm |
591 |
24,500 |
-6 |
-100 |
Karabuk |
8 mm |
627 |
26,000 |
-8 |
-200 |
Karabuk |
12 mm |
603 |
25,000 |
-8 |
-200 |
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 34.54
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