Today, September 18, Turkish domestic rebar spot prices have increased by TRY 10-30/mt, with minor changes on US dollar basis, to offset currency fluctuations. Accordingly, 12 mm rebar prices in the overall local Turkish spot market have settled at TRY 4,040-4,080/mt ($452-457/mt) ex-warehouse, depending on the region.
Icdas has kept its official rebar price at TRY 4,120/mt ($461/mt) ex-works, with its price on US dollar basis down by $2/mt today. Moreover, most mills in the Izmir and Marmara regions have their rebar prices at TRY 4,100/mt ($459/mt) ex-works, up by TRY 10/mt in liras, while down by $1/mt on dollar basis. Approximately 5,000-10,000 mt of rebar has been traded today in the Izmir region at TRY 4,070/mt ($457/mt) ex-works. Market players are expected to see a clearer picture by next week.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
17.09.2020 |
17.09.2020 |
||||
|
Marmara |
8 mm |
459 |
4,100 |
+2 |
+30 |
|
Marmara |
12 mm |
457 |
4,080 |
+2 |
+30 |
|
Iskenderun |
8 mm |
456 |
4,070 |
+1 |
+20 |
|
Iskenderun |
10 mm |
454 |
4,055 |
0 |
+20 |
|
Iskenderun |
12 mm |
452 |
4,040 |
0 |
+20 |
|
Izmir |
8 mm |
457 |
4,080 |
+1 |
+20 |
|
Izmir |
10 mm |
456 |
4,070 |
+1 |
+20 |
|
Izmir |
12 mm |
455 |
4,060 |
+1 |
+20 |
|
Karabuk |
8 mm |
455 |
4,060 |
0 |
+10 |
|
Karabuk |
12 mm |
452 |
4,040 |
-1 |
+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 7.57