Turkish domestic rebar spot prices increase sharply

Monday, 10 March 2025 17:33:34 (GMT+3)   |   Istanbul

As of today, March 10, Turkish domestic rebar spot prices have increased by TRY 300-400/mt ($5-8/mt) against the backdrop of higher import scrap and ongoing currency fluctuations, compared to Friday, March 7. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 24,800-25,400/mt or $565-579/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 36.56.

The official rebar prices in the Marmara and Izmir regions vary at $570-590/mt ex-works, up by $5/mt, including Icdas A.S.’s prices, while the workable rebar prices in these regions vary at $570-585/mt ex-works versus $560-580/mt ex-works on March 7, for cash payment only.

Two Iskenderun-based mills are offering rebar at TRY 25,500-25,900/mt ($581-590/mt) ex-works, also up by TRY 250-500/mt ($4-9/mt) over the same period.

One Samsun-based mill has issued its rebar price at TRY 25,900/mt ($590/t) ex-works today.

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)
7.03.2025 7.03.2025
Marmara 8 mm 602 26.400 +8 +400
Marmara 12 mm 579 25.400 +7 +400
Iskenderun 8 mm 602 26.400 +8 +400
Iskenderun 10 mm 597 26.200 +7 +400
Iskenderun 12 mm 579 25.400 +7 +400
Izmir 8 mm 588 25.800 +5 +300
Izmir 10 mm 584 25.600 +6 +300
Izmir 12 mm 565 24.800 +5 +300
Karabuk 8 mm 593 26.000 +8 +400
Karabuk 12 mm 570 25.000 +8 +400

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 36.56

MelekDurmaz Aktaş
Melek Durmaz Aktaş
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I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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