As of today, July 24, Turkish domestic rebar spot prices have risen by TRY 500-700/mt ($9-14/mt) amid the ongoing currency fluctuations and costlier import billet prices, compared to Monday, July 21. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 26,300-27,200/mt or $542-560/mt, ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 40.47.
The official rebar prices in the Marmara and Izmir regions vary at $545-570/mt ex-works, including Icdas A.S.’s prices, up by $10/mt as compared to July 21, while the workable rebar prices in these regions vary at $540-550/mt ex-works, also up by $10/mt on the lower end over the same period, for cash payment only.
One Iskenderun-based mill has issued its official rebar price today at TRY 27,150/mt ($559/mt) ex-works. Sources report a few re-rollers in this region are offering rebar at around TRY 26,850/mt ($553/mt) ex-warehouse today, for serious buyers, while some of them have stopped quoting for now.
According to sources, a medium tonnage of rebar was traded at $530/mt ex-works earlier this week, while some tonnages were also traded at $535/mt ex-works in the Izmir region yesterday. Moreover, the sale of a small tonnage of rebar has been rumored at $560/mt ex-works in the Marmara region.
The Turkish Central Bank has cut its interest rate from 46 percent to 43 percent today.
As of today, rebar offers in the Turkish spot market are as follows:
| Region | Dimension | Price ($/mt) | Price (TRY/mt) | Price changes ($/mt) | Price changes (TRY/mt) |
| 21.07.2025 | 21.07.2025 | ||||
| Marmara | 8 mm | 581 | 28,200 | +13 | +700 |
| Marmara | 12 mm | 560 | 27,200 | +13 | +700 |
| Iskenderun | 8 mm | 577 | 28,000 | +14 | +700 |
| Iskenderun | 10 mm | 572 | 27,800 | +13 | +700 |
| Iskenderun | 12 mm | 556 | 27,000 | +13 | +700 |
| Izmir | 8 mm | 562 | 27,300 | +9 | +500 |
| Izmir | 10 mm | 558 | 27,100 | +9 | +500 |
| Izmir | 12 mm | 542 | 26,300 | +10 | +500 |
| Karabuk | 8 mm | 577 | 28,000 | +14 | +700 |
| Karabuk | 12 mm | 556 | 27,000 | +13 | +700 |
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 40.47