As of today, January 9, Turkish domestic rebar spot prices have fallen by TRY 100-300/mt (3-8/mt) amid the negative sentiment in the import scrap segment, as compared to Monday, January 6. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,600-23,800/mt or $556-561/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 35.34.
The official rebar prices in the Marmara and Izmir regions still vary at $560-580/mt ex-works, including Icdas A.S’s prices, while the workable rebar prices in these regions vary at $555-565/mt ex-works, down by $5/mt over the same period, for cash payment only.
One Iskenderun based mill has issued at its rebar price at TRY 24,200/mt ($571/mt) ex-works today. According to sources, a few re-rollers in this region are offering rebar at TRY 23,800/mt ($561/mt) ex-warehouse, also down by TRY 100/mt ($3/mt).
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
6.01.2025 |
6.01.2025 |
||||
Marmara |
8 mm |
585 |
24,800 |
-7 |
-300 |
Marmara |
12 mm |
561 |
23,800 |
-8 |
-300 |
Iskenderun |
8 mm |
582 |
24,700 |
-5 |
-200 |
Iskenderun |
10 mm |
578 |
24,500 |
-5 |
-200 |
Iskenderun |
12 mm |
559 |
23,700 |
-5 |
-200 |
Izmir |
8 mm |
580 |
24,600 |
-3 |
-100 |
Izmir |
10 mm |
575 |
24,400 |
-3 |
-100 |
Izmir |
12 mm |
556 |
23,600 |
-3 |
-100 |
Karabuk |
8 mm |
580 |
24,600 |
-3 |
-100 |
Karabuk |
12 mm |
556 |
23,600 |
-3 |
-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 35.34
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