Today, September 5, Turkish domestic rebar spot prices have mostly increased by TRY 100/mt ($2-3/mt) against the backdrop of the ongoing currency fluctuations, as compared to Monday, September 2. Only in the Karabuk region have rebar spot prrices remained stable in the local currency with minor changes on US dollar basis in line with Kardemir's rebar price today at TRY 19,875/mt ($584/mt) ex-works, excluding VAT. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,600-24,500/mt or $579-601/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 33.99.
The workable rebar prices in the Izmir and Marmara regions vary at $580-595/mt ex-works, up by $5/mt on the lower end, including prices from Icdas A.S., for serious buyers and cash payment only.
One Iskenderun-based mill has issued its rebar price at TRY 24,150/mt ($592/mt) ex-works today.
Most local buyers are monitoring the import scrap price trend.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
2.09.2024 |
2.09.2024 |
||||
Marmara |
8 mm |
620 |
25,300 |
+2 |
+100 |
Marmara |
12 mm |
596 |
24,300 |
+3 |
+100 |
Iskenderun |
8 mm |
625 |
25,500 |
+2 |
+100 |
Iskenderun |
10 mm |
620 |
25,300 |
+2 |
+100 |
Iskenderun |
12 mm |
601 |
24,500 |
+3 |
+100 |
Izmir |
8 mm |
603 |
24,600 |
+3 |
+100 |
Izmir |
10 mm |
598 |
24,400 |
+2 |
+100 |
Izmir |
12 mm |
579 |
23,600 |
+3 |
+100 |
Karabuk |
8 mm |
608 |
24,800 |
0 |
0 |
Karabuk |
12 mm |
584 |
23,800 |
+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 33.99