Today, August 11, Turkish domestic rebar spot prices have decreased by TRY 10-20/mt in the local currency, though rising by $2-4/mt on US dollar basis. As a result, 12 mm rebar prices in the Turkish spot market have settled in the range of TRY 3,810-3,860/mt ($446-452/mt) ex-warehouse, depending on the region. Local traders have reduced their rebar prices slightly in the local currency to generate sales.
Marmara region-based mill Icdas kept its rebar price at TRY 3,900/mt ($457/mt) today, with its dollar price rising by $5/mt. Most mills in this region are currently offering rebar at TRY 3,850/mt ($450/mt) ex-works.
Izmir Demir Celik (IDC) has also kept its rebar price in Turkish liras at TRY 3,850/mt ($450/mt) ex-works, with its dollar price up by $4/mt.
In the Karabuk region, Yesilyurt is currently offering rebar at TRY 3,900/mt ($457/mt) ex-works, with its dollar price rising by $5/mt today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
10.08.2020 |
10.08.2020 |
||||
|
Marmara |
8 mm |
454 |
3,880 |
+2 |
-20 |
|
Marmara |
12 mm |
452 |
3,860 |
+2 |
-20 |
|
Iskenderun |
8 mm |
454 |
3,880 |
+2 |
-20 |
|
Iskenderun |
10 mm |
452 |
3,865 |
+2 |
-20 |
|
Iskenderun |
12 mm |
451 |
3,850 |
+2 |
-20 |
|
Izmir |
8 mm |
448 |
3,830 |
+2 |
-20 |
|
Izmir |
10 mm |
447 |
3,820 |
+2 |
-20 |
|
Izmir |
12 mm |
446 |
3,810 |
+2 |
-20 |
|
Karabuk |
8 mm |
453 |
3,870 |
+3 |
-10 |
|
Karabuk |
12 mm |
451 |
3,850 |
+4 |
-10 |
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 7.24