Today, September 29, Turkish domestic rebar spot prices have mostly risen by TRY 100-250/mt ($1-8/mt) as compared to the start of this week. Only in the Izmir region have rebar prices remained unchanged, while falling by $3-4/mt over the same period. The main reasons are rapid currency fluctuations and the unclear financial situation in the country. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 14,900-15,400/mt or $680-703/mt ex-warehouse, depending on the region.
Most mills in the Izmir and Marmara regions are offering rebar at $690-700/mt ex-works, including Icdas A.S. Sources report a few mills are applying aggressive pricing for serious buyers and sizeable discounts, SteelOrbis has heard. According to sources, the workable rebar prices are slightly below $680/mt ex-works.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
26.09.2022 |
26.09.2022 |
||||
Marmara |
8 mm |
705 |
15,450 |
+8 |
+250 |
Marmara |
12 mm |
696 |
15,250 |
+8 |
+250 |
Iskenderun |
8 mm |
712 |
15,600 |
+3 |
+150 |
Iskenderun |
10 mm |
708 |
15,500 |
+4 |
+150 |
Iskenderun |
12 mm |
703 |
15,400 |
+3 |
+150 |
Izmir |
8 mm |
689 |
15,100 |
-4 |
0 |
Izmir |
10 mm |
685 |
15,000 |
-3 |
0 |
Izmir |
12 mm |
680 |
14,900 |
-4 |
0 |
Karabuk |
8 mm |
696 |
15,250 |
+1 |
+100 |
Karabuk |
12 mm |
687 |
15,050 |
+1 |
+100 |
All prices are ex-warehouse and on actual weight basis. Prices on Turkish lira basis include 18 percent VAT, while prices on US dollar basis exclude VAT.
$1 = TRY 18.56