Today, December 25, Turkish domestic rebar spot prices have decreased by TRY 100/mt (4-5/mt) compared to Thursday, December 21, amid the ongoing currency fluctuations and sluggish demand. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 20,700-21,300/mt or $590-607/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 29.26.
Icdas has kept its official dollar-based rebar price stable at $620/mt ex-works today. The general official rebar price range in the Marmara and Izmir regions varies at $595-630/mt versus $620-635/mt ex-works a week ago. Sources report a few mills are applying aggressive pricing policy and giving additional discount for serious buyers. However most buyers are refraining from new purchases for now.
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
21.12.2023 |
21.12.2023 |
||||
Marmara |
8 mm |
635 |
22,300 |
-5 |
-100 |
Marmara |
12 mm |
607 |
21,300 |
-5 |
-100 |
Iskenderun |
8 mm |
632 |
22,200 |
-5 |
-100 |
Iskenderun |
10 mm |
627 |
22,000 |
-5 |
-100 |
Iskenderun |
12 mm |
604 |
21,200 |
-5 |
-100 |
Izmir |
8 mm |
618 |
21,700 |
-5 |
-100 |
Izmir |
10 mm |
612 |
21,500 |
-5 |
-100 |
Izmir |
12 mm |
590 |
20,700 |
-4 |
-100 |
Karabuk |
8 mm |
629 |
22,100 |
-5 |
-100 |
Karabuk |
12 mm |
601 |
21,100 |
-5 |
-100 |
As of today, rebar offers in the Turkish spot market are as follows:
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 29.26
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