As of today, December 12, Turkish domestic rebar spot prices have risen by TRY 300-500/mt ($6-11/mt) against the backdrop of the ongoing currency fluctuations and the relatively positive sentiment in the import scrap segment, as compared to Monday, December 9. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,800-24,200/mt or $569-578/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 34.88.
The official rebar prices in the Marmara and Izmir regions vary at $570-580/mt ex-works, including Icdas A.S.’s prices, while the workable rebar prices in these regions vary at $565-575/mt ex-works, for cash payment only.
One Iskenderun-based mills has issued its rebar price at TRY 24,500/mt ($585/mt) ex-works today.
The sentiment on the demand side is somewhat better following sales of around 100,000 mt of rebar at $565-570/mt ex-works, including Kardemir’s rebar sales earlier this week.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
9.12.2024 |
9.12.2024 |
||||
Marmara |
8 mm |
602 |
25,200 |
+11 |
+500 |
Marmara |
12 mm |
578 |
24,200 |
+11 |
+500 |
Iskenderun |
8 mm |
602 |
25,200 |
+11 |
+500 |
Iskenderun |
10 mm |
597 |
25,000 |
+10 |
+500 |
Iskenderun |
12 mm |
578 |
24,200 |
+11 |
+500 |
Izmir |
8 mm |
593 |
24,800 |
+6 |
+300 |
Izmir |
10 mm |
588 |
24,600 |
+6 |
+300 |
Izmir |
12 mm |
569 |
23,800 |
+6 |
+300 |
Karabuk |
8 mm |
597 |
25,000 |
+10 |
+500 |
Karabuk |
12 mm |
573 |
24,000 |
+10 |
+500 |
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 34.88
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