As of today, December 19, Turkish domestic rebar spot prices have fallen by TRY 100-200/mt ($4-7/mt) in order to offset currency fluctuations and sluggish demand, as compared to Monday, December 16. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,600-24,200/mt or $561-575/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 35.08.
The official rebar prices in the Marmara and Izmir regions still vary at $565-585/mt ex-works, including Icdas A.S’s prices, while the workable rebar prices in these regions vary at $565-580/mt ex-works, for cash payment only.
The general sentiment on the demand side is negative.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
16.12.2024 |
16.12.2024 |
||||
Marmara |
8 mm |
599 |
25,200 |
-6 |
-200 |
Marmara |
12 mm |
575 |
24,200 |
-6 |
-200 |
Iskenderun |
8 mm |
589 |
24,800 |
-7 |
-200 |
Iskenderun |
10 mm |
584 |
24,600 |
-7 |
-200 |
Iskenderun |
12 mm |
565 |
23,800 |
-7 |
-200 |
Izmir |
8 mm |
584 |
24,600 |
-5 |
-100 |
Izmir |
10 mm |
580 |
24,400 |
-4 |
-100 |
Izmir |
12 mm |
561 |
23,600 |
-4 |
-100 |
Karabuk |
8 mm |
594 |
25,000 |
-4 |
-100 |
Karabuk |
12 mm |
570 |
24,000 |
-4 |
-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 35.08