Today, October 2, Turkish domestic rebar spot prices have increased by TRY 300-400/mt ($8-12/mt) compared to Thursday, September 28, against the backdrop of higher energy prices for industrial usage from October 1 and the ongoing currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 19,100-19,500/mt or $580-593/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 27.42.
Icdas has kept its official dollar-based rebar price stable at $590/mt ex-works today. Most Izmir and Marmara-based mills are offering official rebar prices at $580-600/mt ex-works today. Sources report additional $5-10/mt discounts are applicable for serious buyers only.
In the Iskenderun region, one local mill is offering rebar today at TRY 19,350/mt ($588/mt) ex-works, while another mill in this region is offering rebar at TRY 19,800/mt ($602/mt) ex-works today. In addition, a few re-rollers in this region are offering rebar at TRY 19,500-19,600/mt ($593-596/mt) ex-warehouse.
Some local buyers are in wait-and-see mode and are observing the import scrap price trend as most of them are struggling with loan repayment issues.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
28.09.2023 |
28.09.2023 |
||||
|
Marmara |
8 mm |
611 |
20,100 |
+12 |
+400 |
|
Marmara |
12 mm |
593 |
19,500 |
+12 |
+400 |
|
Iskenderun |
8 mm |
611 |
20,100 |
+11 |
+350 |
|
Iskenderun |
10 mm |
605 |
19,900 |
+11 |
+350 |
|
Iskenderun |
12 mm |
593 |
19,500 |
+11 |
+350 |
|
Izmir |
8 mm |
599 |
19,700 |
+9 |
+300 |
|
Izmir |
10 mm |
593 |
19,500 |
+9 |
+300 |
|
Izmir |
12 mm |
580 |
19,100 |
+8 |
+300 |
|
Karabuk |
8 mm |
605 |
19,900 |
+12 |
+400 |
|
Karabuk |
12 mm |
587 |
19,300 |
+12 |
+400 |
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 27.42