As of today, December 5, Turkish domestic rebar spot prices have fallen by TRY 100-200/mt ($2-5/mt) amid the ongoing currency fluctuations and sluggish demand, compared to Monday, December 2. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,500-23,800/mt or $564-571/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 34.73.
The official rebar prices in the Marmara and Izmir regions still vary at $565-580/mt ex-works, including Icdas A.S.’s prices, while the workable rebar prices in these regions vary at $565-570/mt ex-works, stable over the same period, for cash payment only.
One Iskenderun-based mill has issued its rebar price at TRY 24,200/mt ($581/mt) ex-works today. According to sources, the workable rebar price in the Iskenderun region is at around $570/mt ex-works.
"Accessing cash liquidity due to high bank interest rates is the main obstacle, together with the adverse weather conditions, leading to sluggish demand," one source commented.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
2.12.2024 |
2.12.2024 |
||||
Marmara |
8 mm |
595 |
24,800 |
-3 |
-100 |
Marmara |
12 mm |
571 |
23,800 |
-3 |
-100 |
Iskenderun |
8 mm |
595 |
24,800 |
-5 |
-200 |
Iskenderun |
10 mm |
590 |
24,600 |
-5 |
-200 |
Iskenderun |
12 mm |
571 |
23,800 |
-5 |
-200 |
Izmir |
8 mm |
588 |
24,500 |
-2 |
-100 |
Izmir |
10 mm |
583 |
24,300 |
-3 |
-100 |
Izmir |
12 mm |
564 |
23,500 |
-2 |
-100 |
Karabuk |
8 mm |
588 |
24,500 |
-5 |
-200 |
Karabuk |
12 mm |
564 |
23,500 |
-5 |
-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 34.73
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