Today, August 10, Turkish domestic rebar spot prices in the local currency have decreased by TRY 20-70 TL/mt, with minor changes on US dollar basis, amid currency fluctuations and very quiet demand. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,950-7,030/mt or $684-692/mt ex-warehouse, depending on the region.
Prices of most mills in the Marmara and Izmir regions are currently standing at $685-710/mt ex-works, with Icdas A.S. keeping its rebar price at $700/mt ex-works today. Some local traders has started destocking as they believe rebar spot prices may decrease further due to the negative sentiment in the import scrap segment. “Turkish producers are taking their time to sell rebar to the local market as some local traders are already over-stocked” one source mentioned.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
9.08.2021 |
9.08.2021 |
||||
Marmara |
8 mm |
694 |
7,050 |
-5 |
-70 |
Marmara |
12 mm |
692 |
7,030 |
-5 |
-70 |
Iskenderun |
8 mm |
690 |
7,010 |
-4 |
-60 |
Iskenderun |
10 mm |
688 |
6,995 |
-5 |
-60 |
Iskenderun |
12 mm |
687 |
6,980 |
-4 |
-60 |
Izmir |
8 mm |
686 |
6,970 |
-3 |
-50 |
Izmir |
10 mm |
685 |
6,960 |
-3 |
-50 |
Izmir |
12 mm |
684 |
6,950 |
-3 |
-50 |
Karabuk |
8 mm |
694 |
7,050 |
0 |
-20 |
Karabuk |
12 mm |
692 |
7,030 |
0 |
-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 8.61