As of today, January 16, Turkish domestic rebar spot prices have decreased by TRY 100/mt with minor changes on US dollar, as compared to Monday, January 13. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,400-23,700/mt or $550-557/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 35.45. A few local traders are applying aggressive pricing strategies and giving additional discounts for serious buyers only.
The official rebar prices in the Marmara and Izmir regions vary at $555-580/mt ex-works, including Icdas A.S’s prices, while the workable rebar prices in these regions vary at $550-560/mt ex-works, stable over the same period, for cash payment only.
Earlier today, Turkish producer Kardemir cut its rebar price to TRY 19,710/mt ($555/mt), excluding VAT.
One Iskenderun-based mill has issued at its rebar price at TRY 23,700/mt ($557/mt) ex-works today.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
13.01.2025 |
13.01.2025 |
||||
Marmara |
8 mm |
581 |
24,700 |
-1 |
-100 |
Marmara |
12 mm |
557 |
23,700 |
-2 |
-100 |
Iskenderun |
8 mm |
574 |
24,400 |
-1 |
-100 |
Iskenderun |
10 mm |
569 |
24,200 |
-1 |
-100 |
Iskenderun |
12 mm |
550 |
23,400 |
-1 |
-100 |
Izmir |
8 mm |
574 |
24,400 |
-1 |
-100 |
Izmir |
10 mm |
569 |
24,200 |
-1 |
-100 |
Izmir |
12 mm |
550 |
23,400 |
-1 |
-100 |
Karabuk |
8 mm |
576 |
24,500 |
-1 |
-100 |
Karabuk |
12 mm |
552 |
23,500 |
-2 |
-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 35.45
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