Today, January 29, Turkish domestic rebar spot prices have risen by TRY 200-300/mt ($1-4/mt), compared to Thursday, January 18, amid ongoing currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 22,600-23,100/mt or $621-634/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 30.35.
Icdas has kept its official dollar-based rebar price stable at $640/mt ex-works today. The general official rebar price range in the Marmara and Izmir regions varies at $630-645/mt ex-works, while slightly lower levels are applicable only for serious buyers.
One Iskenderun-based mill is offering rebar at TRY 23,050/mt ($633/mt) ex-works for February delivery.
Most local buyers are taking their time before concluding new purchases amid adverse weather conditions, while monitoring the import scrap price trend.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
18.01.2024 |
18.01.2024 |
||||
|
Marmara |
8 mm |
662 |
24,100 |
+1 |
+200 |
|
Marmara |
12 mm |
634 |
23,100 |
+1 |
+200 |
|
Iskenderun |
8 mm |
662 |
24,100 |
+1 |
+200 |
|
Iskenderun |
10 mm |
656 |
23,900 |
+1 |
+200 |
|
Iskenderun |
12 mm |
634 |
23,100 |
+1 |
+200 |
|
Izmir |
8 mm |
651 |
23,700 |
+4 |
+300 |
|
Izmir |
10 mm |
645 |
23,500 |
+4 |
+300 |
|
Izmir |
12 mm |
623 |
22,700 |
+4 |
+300 |
|
Karabuk |
8 mm |
648 |
23,600 |
+1 |
+200 |
|
Karabuk |
12 mm |
621 |
22,600 |
+2 |
+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 30.35