Today, October 2, Turkish domestic rebar spot prices have increased by TRY 200-600/mt ($4-14/mt) against the backdrop of the ongoing currency fluctuations and limited supply, as compared to Monday, September 30. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 25,200-26,200/mt or $613-638/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 34.23.
The workable rebar prices in the Marmara region vary at $620-635/mt , including prices from Icdas A.S., for serious buyers and cash payment only.
One Iskenderun-based mill has issued its rebar price at TRY 26,250/mt ($639/mt) ex-works today.
A Samsun-based mill has closed its rebar sales until Monday, October 7. In addition, an Izmir-based mill has also closed its rebar sales today.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
30.09.2024 |
30.09.2024 |
||||
Marmara |
8 mm |
657 |
27,000 |
+13 |
+600 |
Marmara |
12 mm |
633 |
26,000 |
+14 |
+600 |
Iskenderun |
8 mm |
662 |
27,200 |
+4 |
+200 |
Iskenderun |
10 mm |
657 |
27,000 |
+4 |
+200 |
Iskenderun |
12 mm |
638 |
26,200 |
+4 |
+200 |
Izmir |
8 mm |
638 |
26,200 |
+7 |
+300 |
Izmir |
10 mm |
633 |
26,000 |
+6 |
+300 |
Izmir |
12 mm |
613 |
25,200 |
+6 |
+300 |
Karabuk |
8 mm |
652 |
26,800 |
+6 |
+300 |
Karabuk |
12 mm |
628 |
25,800 |
+6 |
+300 |
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 34.23