Today, July 9, Turkish domestic rebar spot prices have risen by TRY 100-200/mt with minor changes on US dollar basis, amid the ongoing currency fluctuations, as compared to Thursday, July 4. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,000-24,000/mt or $583-609/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 32.86.
Icdas has issued its official dollar-based rebar price today at $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 only.
One Iskenderun-based mill issued its rebar price earlier today at TRY 24,000/mt ($610/mt) ex-works for an extended delivery period. In addition, a few re-rollers in this region are offering rebar at TRY 24,000/mt ($609) ex-warehouse in the afternoon.
Most local buyers are not in rush to restock material so far.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
4.07.2024 |
4.07.2024 |
||||
Marmara |
8 mm |
624 |
24,600 |
0 |
+200 |
Marmara |
12 mm |
598 |
23,600 |
-1 |
+200 |
Iskenderun |
8 mm |
634 |
25,000 |
-3 |
+100 |
Iskenderun |
10 mm |
629 |
24,800 |
-3 |
+100 |
Iskenderun |
12 mm |
609 |
24,000 |
-3 |
+100 |
Izmir |
8 mm |
609 |
24,000 |
0 |
+200 |
Izmir |
10 mm |
604 |
23,800 |
0 |
+200 |
Izmir |
12 mm |
583 |
23,000 |
-1 |
+200 |
Karabuk |
8 mm |
621 |
24,500 |
-3 |
+100 |
Karabuk |
12 mm |
596 |
23,500 |
-3 |
+100 |
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 32.86
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