Today, August 8, Turkish domestic rebar spot prices have remained stable on Turkish lira basis, while indicating a decrease of $2-3/mt on US dollar basis against the backdrop of the ongoing currency fluctuations, as compared to Monday, August 5. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,300-24,200/mt or $580-602/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 33.50.
The workable rebar prices in the Izmir and Marmara regions vary at $580-600/mt ex-works, including prices from Icdas A.S., for serious buyers and cash payment only. The price range indicates a $5/mt decrease on the lower end.
One Iskenderun-based mill has issued its rebar price at TRY 24,150/mt ($601/mt) ex-works today.
Most buyers are purchasing in line with their daily needs and are not in a rush to replenish their stocks.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
05.08.2024 |
05.08.2024 |
||||
Marmara |
8 mm |
619 |
24,900 |
-3 |
0 |
Marmara |
12 mm |
595 |
23,900 |
-2 |
0 |
Iskenderun |
8 mm |
627 |
25,200 |
-3 |
0 |
Iskenderun |
10 mm |
622 |
25,000 |
-3 |
0 |
Iskenderun |
12 mm |
602 |
24,200 |
-3 |
0 |
Izmir |
8 mm |
604 |
24,300 |
-3 |
0 |
Izmir |
10 mm |
600 |
24,100 |
-2 |
0 |
Izmir |
12 mm |
580 |
23,300 |
-2 |
0 |
Karabuk |
8 mm |
614 |
24,700 |
-3 |
0 |
Karabuk |
12 mm |
590 |
23,700 |
-2 |
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 33.50