Today, May 12, Turkish domestic rebar spot prices have increased by another TRY 200-350/mt ($7-14/mt) from the previous day, amid ongoing currency fluctuations and the unclear financial situation in the country. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 15,700-15,900/mt or $678-687/mt ex-warehouse, depending on the region.
Icdas A.S. has issued its official rebar price at $685/mt ex-works today. A few mills in the Marmara and Izmir regions are offering rebar at $670-680/mt ex-works.
An Iskenderun-based mill is offering rebar at TRY 15,800/mt ex-works, equal to $682/mt ex-works at the current exchange rate, while a re-roller in the region opened its rebar sales at TRY 15,750/mt ex-warehouse, equal to $680/mt at the current exchange rate earlier today and closed its rebar sales in the afternoon.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
11.05.2023 |
11.05.2023 |
||||
|
Marmara |
8 mm |
687 |
15,900 |
+11 |
+300 |
|
Marmara |
12 mm |
678 |
15,700 |
+11 |
+300 |
|
Iskenderun |
8 mm |
689 |
15,950 |
+7 |
+200 |
|
Iskenderun |
10 mm |
685 |
15,850 |
+7 |
+200 |
|
Iskenderun |
12 mm |
680 |
15,750 |
+7 |
+200 |
|
Izmir |
8 mm |
687 |
15,900 |
+14 |
+350 |
|
Izmir |
10 mm |
682 |
15,800 |
+13 |
+350 |
|
Izmir |
12 mm |
678 |
15,700 |
+13 |
+350 |
|
Karabuk |
8 mm |
695 |
16,100 |
+13 |
+350 |
|
Karabuk |
12 mm |
687 |
15,900 |
+14 |
+350 |
All prices are ex-warehouse and on actual weight basis. Prices on Turkish lira basis include 18 percent VAT, while prices on US dollar basis exclude VAT.
$1 = TRY 19.62