Today, July 29, Turkish domestic rebar spot prices have fallen by TRY 100/mt ($2/mt) in the Iskenderun region, while remaining unchanged on Turkish lira basis and with minor changes on US dollar basis in the rest of the country, amid the ongoing currency fluctuations and sluggish demand, as compared to Thursday, July 25. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,200-24,100/mt or $585-608/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 33,03.
The workable rebar prices in the Izmir and Marmara regions still vary at $585-600/mt ex-works, including prices from Icdas A.S., for serious buyers and cash payment only.
One Iskenderun-based mill has issued its rebar price at TRY 23,750/mt ($600/mt) ex-works today.
Kardemir succeeded in selling around 13,500 mt of rebar at $594/mt ex-works before closing its rebar sales late Thursday, July 25, SteelOrbis has heard. The general sentiment on the demand side is still negative.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
25.07.2024 |
25.07.2024 |
||||
Marmara |
8 mm |
626 |
24,800 |
+1 |
0 |
Marmara |
12 mm |
600 |
23,800 |
0 |
0 |
Iskenderun |
8 mm |
633 |
25,100 |
-2 |
-100 |
Iskenderun |
10 mm |
628 |
24,900 |
-2 |
-100 |
Iskenderun |
12 mm |
608 |
24,100 |
-2 |
-100 |
Izmir |
8 mm |
611 |
24,200 |
+1 |
0 |
Izmir |
10 mm |
606 |
24,000 |
+1 |
0 |
Izmir |
12 mm |
585 |
23,200 |
0 |
0 |
Karabuk |
8 mm |
623 |
24,700 |
0 |
0 |
Karabuk |
12 mm |
598 |
23,700 |
+1 |
0 |
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 33.03