Today, August 27, Turkish domestic rebar spot prices have shown diverse trends, with some increasing by TRY10-30/mt, while in Iskenderun prices have decreased by TRY 50/mt further today. Prices increases in the local currency resulted in sideways movement or decreases of up to $2/mt, while there were decreases of $8-9/mt in the dollar equivalents of the reduced local-currency prices in Iskenderun. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 6,500-6,630/mt or $656-669/mt ex-warehouse, depending on the region.
Today, Icdas A.S. has followed the downtrend and reduced its rebar price by $5/mt to $675/mt ex-works. Most mills in the Marmara region have shared their official rebar prices at $670-680/mt ex-works. Although a steelmaker in Izmir has offered $675/mt ex-works as its list price for rebar, another Izmir-based mills has reduced its list price to $655/mt ex-works and the latter is expected to give $5/mt discounts in actual sales. According to market sources, the second Izmir-based mill has achieved in selling 50,000 mt in the last two days.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
26.08.2021 |
26.08.2021 |
||||
|
Marmara |
8 mm |
671 |
6,650 |
-2 |
+10 |
|
Marmara |
12 mm |
669 |
6,630 |
-2 |
+10 |
|
Iskenderun |
8 mm |
669 |
6,630 |
-8 |
-50 |
|
Iskenderun |
10 mm |
667 |
6,615 |
-9 |
-50 |
|
Iskenderun |
12 mm |
666 |
6,600 |
-8 |
-50 |
|
Izmir |
8 mm |
658 |
6,520 |
0 |
+30 |
|
Izmir |
10 mm |
657 |
6,510 |
0 |
+30 |
|
Izmir |
12 mm |
656 |
6,500 |
0 |
+30 |
|
Karabuk |
8 mm |
670 |
6,640 |
-1 |
+20 |
|
Karabuk |
12 mm |
668 |
6,620 |
-1 |
+20 |
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 8.40