Today, February 16, spot prices in the Turkish domestic rebar market have decreased by TRY 20-70/mt ($2-8/mt), amid currency fluctuations and adverse weather conditions. Spot prices in the Iskenderun region have fallen more sharply than in the other regions due to weaker demand. As of today, 12 mm rebar spot prices in Turkey are at TRY 5,000-5,030/mt or $608-612/mt ex-warehouse depending on the region.
Turkish mills are trying to keep their list prices firm. Icdas has kept its rebar price at TRY 5,040/mt ($613/mt) ex-works, stable both in the local currency and on US dollar basis.
One Marmara-based mill is currently offering rebar at TRY 5,140/mt ($625/mt) ex-works. According to sources, around 10,000 mt of rebar were traded at TRY 5,075-5,100/mt ($617-620/mt) ex-works in this region yesterday.
Izmir Demir Celik(IDC) also has kept its rebar price at TRY 5,020/mt ($610/mt) ex-works today.
In the Samsun and Karabuk regions, Yesilyurt A.S. and Yolbulan A.S. have kept their rebar prices at TRY 5,300/mt ($644/mt) ex-works for March delivery and TRY 5,100/mt ($620/mt) ex-works respectively, stable both in the local currency and on US dollar basis.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
15.02.2021 |
15.02.2021 |
||||
|
Marmara |
8 mm |
613 |
5,040 |
-5 |
-40 |
|
Marmara |
12 mm |
610 |
5,020 |
-5 |
-40 |
|
Iskenderun |
8 mm |
612 |
5,030 |
-8 |
-70 |
|
Iskenderun |
10 mm |
610 |
5,015 |
-8 |
-70 |
|
Iskenderun |
12 mm |
608 |
5,000 |
-8 |
-70 |
|
Izmir |
8 mm |
610 |
5,020 |
-3 |
-20 |
|
Izmir |
10 mm |
609 |
5,010 |
-3 |
-20 |
|
Izmir |
12 mm |
608 |
5,000 |
-2 |
-20 |
|
Karabuk |
8 mm |
614 |
5,050 |
-5 |
-40 |
|
Karabuk |
12 mm |
612 |
5,030 |
-4 |
-40 |
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