As of today, December 23, Turkish domestic rebar spot prices have fallen by TRY 200/mt ($7-8/mt) in the Marmara and Karabuk regions due to aggressive pricing strategies and sluggish demand, while rising by TRY 100-200/mt in the rest of the country with minor changes on US dollar basis amid the ongoing currency fluctuations, as compared to Thursday, December 19. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,700-24,000/mt or $561-568/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 35.23.
The official rebar prices in the Marmara and Izmir regions vary at $565-585/mt ex-works, including Icdas A.S’s prices, while the workable rebar prices in these regions vary at $565-575/mt ex-works, down by $5/mt on the higher end week on week, for cash payment only.
One Iskenderun based mill has issued at its rebar price at TRY 24,600/mt ($582/mt) ex-works today.
One Samsun-based mill has closed its rebar sales until Monday, January 6.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
19.12.2024 |
19.12.2024 |
||||
Marmara |
8 mm |
591 |
25.000 |
-8 |
-200 |
Marmara |
12 mm |
568 |
24.000 |
-7 |
-200 |
Iskenderun |
8 mm |
591 |
25.000 |
2 |
+200 |
Iskenderun |
10 mm |
587 |
24.800 |
3 |
+200 |
Iskenderun |
12 mm |
568 |
24.000 |
3 |
+200 |
Izmir |
8 mm |
584 |
24.700 |
0 |
+100 |
Izmir |
10 mm |
580 |
24.500 |
0 |
+100 |
Izmir |
12 mm |
561 |
23.700 |
0 |
+100 |
Karabuk |
8 mm |
587 |
24.800 |
-7 |
-200 |
Karabuk |
12 mm |
563 |
23.800 |
-7 |
-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 35.23
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