As of today, January 30, Turkish domestic rebar spot prices have risen by TRY 300-600/mt ($6-14/mt) against the backdrop of the ongoing currency fluctuations and the relatively positive sentiment in the import scrap segment, as compared to Monday, January 27. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,600-24,400/mt or $550-568/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 35.78.
The official rebar prices in the Marmara and Izmir regions vary at $550-580/mt ex-works, including Icdas A.S.’s prices, while the workable rebar prices in these regions vary at $550-570/mt ex-works, for cash payment only.
The official rebar price range in the Iskenderun region varies at TRY 24,500/mt ($571/mt) ex-works, while a few re-rollers in this region are offering rebar at TRY 24,200/mt ($564/mt) ex-warehouse.
One Samsun-based mill has closed its rebar sales until Monday, February 3.
Most local buyers are in wait-and-see mode, while some local traders seem to be piling up small tonnages due to their expectation that rebar spot prices may increase further next week.
As of today, rebar offers in the Turkish spot market are as follows:
| Region | Dimension | Price ($/mt) | Price (TRY/mt) | Price changes ($/mt) | Price changes (TRY/mt) |
| 27.01.2025 | 27.01.2025 | ||||
| Marmara | 8 mm | 592 | 25,400 | +14 | +600 |
| Marmara | 12 mm | 568 | 24,400 | +13 | +600 |
| Iskenderun | 8 mm | 585 | 25,100 | +11 | +500 |
| Iskenderun | 10 mm | 580 | 24,900 | +11 | +500 |
| Iskenderun | 12 mm | 561 | 24,100 | +11 | +500 |
| Izmir | 8 mm | 573 | 24,600 | +6 | +300 |
| Izmir | 10 mm | 568 | 24,400 | +6 | +300 |
| Izmir | 12 mm | 550 | 23,600 | +7 | +300 |
| Karabuk | 8 mm | 585 | 25,100 | +11 | +500 |
| Karabuk | 12 mm | 561 | 24,100 | +11 | +500 |
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 35.78
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