Today, June 27, Turkish domestic rebar spot prices have fallen by TRY 300-400/mt, while rising by $10-14/mt on US dollar basis against the backdrop of the negative sentiment in the import scrap segment and rapid currency fluctuations. The exchange rate was at $1 = TRY 17.38 on Friday, June 24. 12 mm rebar spot prices in Turkey have settled at TRY 11,900-12,400/mt or $609-634/mt ex-warehouse, depending on the region.
Icdas has cut its official rebar price by $30/mt to $630/mt ex-works today. Sources report workable rebar prices are available at $600-640/mt ex-works in the Marmara and Izmir regions.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
24.06.2022 |
24.06.2022 |
||||
|
Marmara |
8 mm |
644 |
12,600 |
+10 |
-400 |
|
Marmara |
12 mm |
634 |
12,400 |
+10 |
-400 |
|
Iskenderun |
8 mm |
619 |
12,100 |
+12 |
-350 |
|
Iskenderun |
10 mm |
614 |
12,000 |
+12 |
-350 |
|
Iskenderun |
12 mm |
609 |
11,900 |
+12 |
-350 |
|
Izmir |
8 mm |
619 |
12,100 |
+12 |
-350 |
|
Izmir |
10 mm |
614 |
12,000 |
+12 |
-350 |
|
Izmir |
12 mm |
609 |
11,900 |
+12 |
-350 |
|
Karabuk |
8 mm |
624 |
12,200 |
+14 |
-300 |
|
Karabuk |
12 mm |
614 |
12,000 |
+14 |
-300 |
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 16.57