Today, June 24, Turkish domestic rebar spot prices have risen by TRY 200-300/mt, while falling by $3-7/mt on US dollar basis, amid ongoing currency fluctuations, as compared to Thursday, June 13. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 22,900-24,000/mt or $580-608/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 32.90.
Icdas has kept its official dollar-based rebar price stable today at $620/mt ex-works. In addition, the workable rebar prices in the Izmir and Marmara regions vary at $580-600/mt ex-works, falling by $5/mt for serious buyers and cash payment after the Feast of Sacrifice holiday.
One Iskenderun-based mill is offering its rebar price today at TRY 24,000/mt ($608/mt) ex-works for an extended delivery period. Another mill in this region is also quoting the same price, while one re-roller's rebar price is available at TRY 23,800/mt ($603/mt) ex-warehouse, SteelOrbis has heard.
Most local buyers have just returned from the holiday, and so they are evaluating import scrap and billet prices before making any purchases.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
13.06.2024 |
13.06.2024 |
||||
Marmara |
8 mm |
621 |
24,500 |
-6 |
+200 |
Marmara |
12 mm |
595 |
23,500 |
-6 |
+200 |
Iskenderun |
8 mm |
633 |
25,000 |
-7 |
+200 |
Iskenderun |
10 mm |
628 |
24,800 |
-7 |
+200 |
Iskenderun |
12 mm |
608 |
24,000 |
-6 |
+200 |
Izmir |
8 mm |
605 |
23,900 |
-6 |
+200 |
Izmir |
10 mm |
600 |
23,700 |
-6 |
+200 |
Izmir |
12 mm |
580 |
22,900 |
-6 |
+200 |
Karabuk |
8 mm |
623 |
24,600 |
-4 |
+300 |
Karabuk |
12 mm |
598 |
23,600 |
-3 |
+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 32.90
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