As of today, March 24, Turkish domestic rebar spot prices have fallen by TRY 100-200/mt ($1-5/mt) against the backdrop of the sluggish demand and ongoing currency fluctuations, compared to Thursday, March 20. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 26,100-26,900/mt or $573-590/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 37.98
The official rebar prices in the Marmara and Izmir regions vary at $575-595/mt ex-works, including Icdas A.S.’s prices, while the workable rebar prices in these regions vary at $575-590/mt ex-works, for cash payment only. All rebar prices have remained unchanged over the same period.
One Iskenderun-based mill is offering its official rebar price at TRY 27,000/mt ($592/mt) ex-works today.
The general sentiment on the demand side is negative ahead of the Eid holiday and a few local traders are giving additional discounts in order to generate sales.
As of today, rebar offers in the Turkish spot market are as follows:
| Region | Dimension | Price ($/mt) | Price (TRY/mt) | Price changes ($/mt) | Price changes (TRY/mt) |
| 20.03.2025 | 20.03.2025 | ||||
| Marmara | 8 mm | 612 | 27,900 | -2 | -100 |
| Marmara | 12 mm | 590 | 26,900 | -2 | -100 |
| Iskenderun | 8 mm | 603 | 27,500 | -4 | -200 |
| Iskenderun | 10 mm | 599 | 27,300 | -4 | -200 |
| Iskenderun | 12 mm | 581 | 26,500 | -5 | -200 |
| Izmir | 8 mm | 595 | 27,100 | -1 | -100 |
| Izmir | 10 mm | 590 | 26,900 | -2 | -100 |
| Izmir | 12 mm | 573 | 26,100 | -2 | -100 |
| Karabuk | 8 mm | 603 | 27,500 | -2 | -100 |
| Karabuk | 12 mm | 581 | 26,500 | -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 37.98
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