Local Turkish rebar spot prices adjusted ahead of holiday

Wednesday, 29 July 2020 17:34:58 (GMT+3)   |   Istanbul
       

Today, July 29, Turkish domestic rebar spot prices have increased by TRY 10-30/mt with minor changes in prices on US dollar basis. As a result, 12 mm rebar prices in the Turkish spot market have settled in the range of TRY 3,550-3,600/mt ($432-438/mt) ex-warehouse, depending on the region.

Most mills have closed their rebar sales in the Izmir and Marmara regions, including Icdas A.S. and Izmir Demir Celik (IDC). Another mill in the Marmara region is currently offering rebar at TRY 3,619/mt ($440/mt) ex-works, up by TRY 16/mt in the local currency today and stable on US dollar basis.

In the Iskenderun region, Koc Metallurgy is currently offering 12 mm rebar at TRY 3,640/mt ($443/mt) ex-works, up by TRY 20/mt ($1/mt) today. Another re-roller in this region is also offering the same price for the same material 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)

28.07.2020

28.07.2020

Marmara

8 mm

438

3,600

+2

+30

Marmara

12 mm

435

3,580

+2

+30

Iskenderun

8 mm

441

3,630

0

+20

Iskenderun

10 mm

440

3,615

+1

+20

Iskenderun

12 mm

438

3,600

+1

+20

Izmir

8 mm

434

3,570

-1

+10

Izmir

10 mm

433

3,560

0

+10

Izmir

12 mm

432

3,550

0

+10

Karabuk

8 mm

436

3,590

+1

+30

Karabuk

12 mm

434

3,570

+2

+30

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 6.97


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