Today, June 7, Turkish domestic rebar spot prices have fallen by TRY 50/mt ($2-3/mt) as compared to the end of last week. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,050-7,100/mt or $690-695/mt ex-warehouse, depending on the region.
Icdas has kept its rebar price at $700/mt (TRY 7,130/mt) ex-works, with its lira price down by TRY 50/mt. Other mills in the Marmara region have opened their official rebar sales at $700-710/mt, while an additional discount is available for serious buyers.
In the Izmir region, most mills are currently offering rebar at $700/mt ex-works at the current exchange rate.
In the Iskenderun region, one re-roller has opened its rebar sales at TRY 7,130/mt ($700/mt) ex-warehouse today.
Most local traders are in wait-and-see mode in order to gain a better understanding of the import scrap trend.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
4.06.2021 |
4.06.2021 |
||||
|
Marmara |
8 mm |
697 |
7,120 |
-3 |
-50 |
|
Marmara |
12 mm |
695 |
7,100 |
-3 |
-50 |
|
Iskenderun |
8 mm |
693 |
7,080 |
-3 |
-50 |
|
Iskenderun |
10 mm |
691 |
7,065 |
-2 |
-50 |
|
Iskenderun |
12 mm |
690 |
7,050 |
-3 |
-50 |
|
Izmir |
8 mm |
695 |
7,100 |
-3 |
-50 |
|
Izmir |
10 mm |
694 |
7,090 |
-3 |
-50 |
|
Izmir |
12 mm |
693 |
7,080 |
-3 |
-50 |
|
Karabuk |
8 mm |
695 |
7,100 |
-3 |
-50 |
|
Karabuk |
12 mm |
693 |
7,080 |
-3 |
-50 |
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 8.63