Today, August 3, Turkish domestic rebar spot prices have fallen by TRY 100-200/mt ($3-7/mt) compared to Monday, July 31 amid sluggish demand and the unclear financial situation in the country. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 17,900-18,100/mt or $553-559/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 26.97.
Icdas A.S has kept its official rebar price at $580/mt ex-works today. Sources report that a few mills in the Izmir and Marmara regions are offering rebar at $560-570/mt ex-works, falling by $5/mt on the higher end over the same period. Around 7,000 mt of rebar have been traded at $545/mt ex-works in the Izmir region today, SteelOrbis has heard. However, it has not been confirmed by the time of publication. A few local traders are also applying aggressive pric to generate sales.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
31.07.2023 |
31.07.2023 |
||||
|
Marmara |
8 mm |
578 |
18,700 |
-4 |
-100 |
|
Marmara |
12 mm |
559 |
18,100 |
-4 |
-100 |
|
Iskenderun |
8 mm |
572 |
18,500 |
-3 |
-100 |
|
Iskenderun |
10 mm |
565 |
18,300 |
-4 |
-100 |
|
Iskenderun |
12 mm |
553 |
17,900 |
-4 |
-100 |
|
Izmir |
8 mm |
572 |
18,500 |
-3 |
-100 |
|
Izmir |
10 mm |
565 |
18,300 |
-4 |
-100 |
|
Izmir |
12 mm |
553 |
17,900 |
-4 |
-100 |
|
Karabuk |
8 mm |
572 |
18,500 |
-6 |
-200 |
|
Karabuk |
12 mm |
553 |
17,900 |
-7 |
-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 26.97