As of today, March 3, Turkish domestic rebar spot prices have increased by TRY 100-300/mt ($2-7/mt) amid costlier import scrap and ongoing currency fluctuations, compared to Monday, February 24. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 24,100-24,700/mt or $551-565/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 36.46.
The official rebar prices in the Marmara and Izmir regions vary at $555-580/mt ex-works, including Icdas A.S.’s prices, up by $5/mt on the lower end, while the workable rebar prices in these regions vary at $550-570/mt ex-works, also up by $5/mt on the lower end, over the same period, for cash payment only.
Mills' official rebar prices in the Iskenderun region vary at TRY 24,750-25,000/mt ($566-571/mt) ex-works, up by TRY 100-250/mt ($2-6/mt) over the same period.
Demand is generally sluggish due to Ramadan.
As of today, rebar offers in the Turkish spot market are as follows:
| Region | Dimension | Price ($/mt) | Price (TRY/mt) | Price changes ($/mt) | Price changes (TRY/mt) |
| 24.02.2025 | 24.02.2025 | ||||
| Marmara | 8 mm | 587 | 25,700 | +6 | +300 |
| Marmara | 12 mm | 565 | 24,700 | +7 | +300 |
| Iskenderun | 8 mm | 585 | 25,600 | +4 | +200 |
| Iskenderun | 10 mm | 581 | 25,400 | +5 | +200 |
| Iskenderun | 12 mm | 562 | 24,600 | +4 | +200 |
| Izmir | 8 mm | 574 | 25,100 | +5 | +200 |
| Izmir | 10 mm | 569 | 24,900 | +4 | +200 |
| Izmir | 12 mm | 551 | 24,100 | +5 | +200 |
| Karabuk | 8 mm | 581 | 25,400 | +3 | +100 |
| Karabuk | 12 mm | 558 | 24,400 | +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 36.46
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