Today, June 29, Turkish domestic rebar spot prices have mostly risen by TRY 10-40/mt ($1-5/mt) from Thursday, June 26, to TRY 3,360-3,390/mt ($416-419/mt) ex-warehouse depending on the region. Only in the Iskenderun region have rebar prices dropped slightly.
Icdas has cut its rebar price by TRY 50/mt ($7/mt) to TRY 3,420/mt ($423/mt) ex-works compared to two weeks ago. Moreover, Marmara-based mills have also set their new rebar prices at TRY 3,395/mt ($420/mt) ex-works.
Izmir Demir Celik (IDC) has decreased its rebar price by TRY 70/mt ($8/mt) and set its new price at TRY 3,400/mt ($421/mt) ex-works and closed its rebar sales in the afternoon today.
Sources report approximately 30,000-35,000 mt of rebar have been traded in the Izmir region at TRY 3,350-3,355/mt ($414-415/mt) ex-works today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
25.06.2020 |
25.06.2020 |
||||
|
Marmara |
8 mm |
422 |
3,410 |
+1 |
+10 |
|
Marmara |
12 mm |
419 |
3,390 |
+1 |
+10 |
|
Iskenderun |
8 mm |
423 |
3,420 |
-1 |
-10 |
|
Iskenderun |
10 mm |
421 |
3,405 |
-1 |
-10 |
|
Iskenderun |
12 mm |
419 |
3,390 |
-1 |
-10 |
|
Izmir |
8 mm |
418 |
3,380 |
+2 |
+20 |
|
Izmir |
10 mm |
417 |
3,370 |
+2 |
+20 |
|
Izmir |
12 mm |
416 |
3,360 |
+2 |
+20 |
|
Karabuk |
8 mm |
422 |
3,410 |
+5 |
+40 |
|
Karabuk |
12 mm |
419 |
3,390 |
+5 |
+40 |
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 6.85