Today, May 30, Turkish domestic rebar spot prices have risen by TRY 100/mt with only minor changes on US dollar basis, as compared to Monday, May 27, in order to offset currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 22,800-23,700/mt or $589-612/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 32.27.
Icdas has kept its official dollar-based rebar price stable at $620/mt ex-works today, while the workable rebar prices in the Izmir and Marmara regions vary at $590-605/mt ex-works for serious buyers, up by $5/mt on the higher end due to the slight recovery in the import scrap price.
One Iskenderun-based mill has issued its rebar price today at TRY 23,500/mt ($607/mt) ex-works for extended delivery. Another mill in this region is currently offering rebar at TRY 23,900/mt ($617/mt) ex-works. According to sources, a few local traders are attempting to increase their rebar prices due to the limited size availability.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
27.05.2024 |
27.05.2024 |
||||
Marmara |
8 mm |
628 |
24,300 |
+1 |
+100 |
Marmara |
12 mm |
602 |
23,300 |
+1 |
+100 |
Iskenderun |
8 mm |
638 |
24,700 |
+1 |
+100 |
Iskenderun |
10 mm |
633 |
24,500 |
+1 |
+100 |
Iskenderun |
12 mm |
612 |
23,700 |
+1 |
+100 |
Izmir |
8 mm |
615 |
23,800 |
+1 |
+100 |
Izmir |
10 mm |
609 |
23,600 |
0 |
+100 |
Izmir |
12 mm |
589 |
22,800 |
+1 |
+100 |
Karabuk |
8 mm |
622 |
24,100 |
0 |
+100 |
Karabuk |
12 mm |
597 |
23,100 |
+1 |
+100 |
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 32.27
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