As of today, December 26, Turkish domestic rebar spot prices have mostly decreased, falling by TRY 100-200/mt ($2-5/mt) amid the sluggish demand, while only remaining stable in the Izmir region, as compared to Monday, December 23. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,600-23,900/mt or $559-566/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 35.21.
The official rebar prices in the Marmara and Izmir regions vary at $565-580/mt ex-works, including Icdas A.S’s prices, while the workable rebar prices in these regions vary at $560-575/mt ex-works, for cash payment only.
One Iskenderun based mill has issued at its rebar price at TRY 24,600/mt ($582/mt) ex-works today. According to sources, a few re-rollers in this region are offering rebar at TRY 24,000-24,200/mt ($568-573/mt) ex-warehouse.
Turkish Central Bank has reduced interest rate from 50 percent to 47.5 percent today.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
23.12.2024 |
23.12.2024 |
||||
Marmara |
8 mm |
589 |
24,900 |
-2 |
-100 |
Marmara |
12 mm |
566 |
23,900 |
-2 |
-100 |
Iskenderun |
8 mm |
587 |
24,800 |
-4 |
-200 |
Iskenderun |
10 mm |
582 |
24,600 |
-5 |
-200 |
Iskenderun |
12 mm |
563 |
23,800 |
-5 |
-200 |
Izmir |
8 mm |
585 |
24,700 |
1 |
0 |
Izmir |
10 mm |
580 |
24,500 |
0 |
0 |
Izmir |
12 mm |
561 |
23,700 |
0 |
0 |
Karabuk |
8 mm |
582 |
24,600 |
-5 |
-200 |
Karabuk |
12 mm |
559 |
23,600 |
-4 |
-200 |
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 35.21
.jpeg)