Today, June 10, Turkish domestic rebar spot prices have fallen by TRY 100/mt ($6/mt) in the Iskenderun and Izmir regions, as compared to Thursday, June 6, against the backdrop of currency fluctuations, while rebar spot prices have remained stable in the local currency in the rest of the country, down by $4/mt on US dollar basis. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 22,800-23,900/mt or $586-614/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 32.42.
Icdas has kept its official dollar-based rebar price stable at $620/mt ex-works today. One Marmara-based mill has issued its rebar price today at TRY 23,750/mt($610/mt) ex-works. In addition, the workable rebar prices in the Izmir and Marmara regions vary at $585-605/mt ex-works, for serious buyers and cash payment.
One Iskenderun-based mill has also issued its rebar price today at TRY 23,750/mt ($610/mt) ex-works for an extended delivery period.
Ahead of the Feast of Sacrifice holiday, some local traders are applying aggressive pricing policies for cash payments and giving sizeable discounts in order to destock their material, SteelOrbis has heard.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
6.06.2024 |
6.06.2024 |
||||
Marmara |
8 mm |
627 |
24,400 |
-4 |
0 |
Marmara |
12 mm |
601 |
23,400 |
-4 |
0 |
Iskenderun |
8 mm |
640 |
24,900 |
-6 |
-100 |
Iskenderun |
10 mm |
635 |
24,700 |
-6 |
-100 |
Iskenderun |
12 mm |
614 |
23,900 |
-6 |
-100 |
Izmir |
8 mm |
612 |
23,800 |
-6 |
-100 |
Izmir |
10 mm |
607 |
23,600 |
-6 |
-100 |
Izmir |
12 mm |
586 |
22,800 |
-6 |
-100 |
Karabuk |
8 mm |
627 |
24,400 |
-4 |
0 |
Karabuk |
12 mm |
601 |
23,400 |
-4 |
0 |
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 32.42
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