As of today, November 7, Turkish domestic rebar spot prices have fallen by TRY 200-300/mt ($3-6/mt), as compared to November 4. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 25,000-25,700/mt or $608-625/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 34.25.
The workable rebar prices in the Marmara and Izmir regions vary at $605-615/mt ex-works, down by $5/mt compared to the beginning of this week, including prices from Icdas A.S., for cash payment only.
One Iskenderun-based mill has issued its rebar price at TRY 25,500/mt ($620/mt) ex-works today. In addition, a few Iskenderun-based re-rollers are also offering rebar at TRY 25,500/mt ($620/mt) ex-warehouse.
Most buyers are taking their time before concluding new purchases and are asking for additional discounts.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
4.11.2024 |
4.11.2024 |
||||
Marmara |
8 mm |
642 |
26,400 |
-3 |
-200 |
Marmara |
12 mm |
618 |
25,400 |
-3 |
-200 |
Iskenderun |
8 mm |
650 |
26,700 |
-5 |
-300 |
Iskenderun |
10 mm |
645 |
26,500 |
-5 |
-300 |
Iskenderun |
12 mm |
625 |
25,700 |
-6 |
-300 |
Izmir |
8 mm |
633 |
26,000 |
-3 |
-200 |
Izmir |
10 mm |
628 |
25,800 |
-3 |
-200 |
Izmir |
12 mm |
608 |
25,000 |
-3 |
-200 |
Karabuk |
8 mm |
647 |
26,600 |
-6 |
-300 |
Karabuk |
12 mm |
623 |
25,600 |
-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 34.25
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