Turkish domestic rebar spot prices fall in local currency

Thursday, 04 April 2024 16:23:54 (GMT+3)   |   Istanbul
       

Today, April 4, Turkish domestic rebar spot prices have fallen by TRY 200-300/mt, with minor changes on US dollar basis, amid sluggish demand and the appreciation of the Turkish lira against the US dollar, as compared to Monday, April 1. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,000-23,900 mt or $601-625/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 31.89.

Icdas has kept its official dollar-based rebar price at $620/mt ex-works today. The general official rebar price range in the Marmara and Izmir regions varies at $597-620/mt ex-works, versus $600-625/mt ex-works, earlier this week.

One Iskenderun-based mill has issued its rebar price at TRY 24,100/mt ($630/mt) ex-works, while an additional sizeable discount is applicable for serious buyers only.

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)

1.04.2024

1.04.2024

Marmara

8 mm

640

24,500

+1

-300

Marmara

12 mm

614

23,500

+1

-300

Iskenderun

8 mm

651

24,900

+4

-200

Iskenderun

10 mm

645

24,700

+3

-200

Iskenderun

12 mm

625

23,900

+4

-200

Izmir

8 mm

627

24,000

+1

-300

Izmir

10 mm

622

23,800

+1

-300

Izmir

12 mm

601

23,000

0

-300

Karabuk

8 mm

632

24,200

+3

-200

Karabuk

12 mm

606

23,200

+3

-200

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 31.89


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