Today, July 11, Turkish domestic rebar spot prices have increased by another TRY 100/mt with minor changes on US dollar basis, against the backdrop of the ongoing currency fluctuations, as compared to Tuesday, July 9. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,100-24,100/mt or $586-611/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 32.87.
Icdas has kept its official dollar-based rebar price today at $610/mt ex-works. In addition, the workable rebar prices in the Izmir and Marmara regions vary at $585-605/mt ex-works, for serious buyers and cash payment only.
One Iskenderun-based mill issued its rebar price earlier today at TRY 24,400/mt ($619/mt) ex-works for an extended delivery period.
Demand in the market remains sluggish.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
9.07.2024 |
9.07.2024 |
||||
Marmara |
8 mm |
626 |
24,700 |
+2 |
+100 |
Marmara |
12 mm |
601 |
23,700 |
+3 |
+100 |
Iskenderun |
8 mm |
636 |
25,100 |
+2 |
+100 |
Iskenderun |
10 mm |
631 |
24,900 |
+2 |
+100 |
Iskenderun |
12 mm |
611 |
24,100 |
+2 |
+100 |
Izmir |
8 mm |
611 |
24,100 |
+2 |
+100 |
Izmir |
10 mm |
606 |
23,900 |
+2 |
+100 |
Izmir |
12 mm |
586 |
23,100 |
+3 |
+100 |
Karabuk |
8 mm |
624 |
24,600 |
+3 |
+100 |
Karabuk |
12 mm |
598 |
23,600 |
+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 32.87