Turkish domestic rebar spot prices have increased by TRY 10-40/mt ($1-4/mt) today, July 27. As a result, 12 mm rebar prices in the Turkish spot market have settled in the range of TRY 3,500-3,560/mt ($433-440/mt) ex-warehouse, depending on the region.
Icdas has increased its rebar prices by TRY 40/mt ($5/mt) to TRY 3,520/mt ($435/mt) ex-works. Most mills in the Marmara region are currently offering rebar at TRY 3,550-3,570/mt ($439-442/mt ex-works.
The rebar price of Izmir Demir Celik (IDC) has remained at TRY 3,520/mt ($435/mt) ex-works, unchanged from last Friday, July 24. Sources report that approximately 10,000 mt of rebar has traded at TRY 3,500/mt ($433/mt) ex-works as of today.
Most mills in Iskenderun have closed their rebar sales for now. Accordingly, local traders have increased their prices by a higher margin compared to other regions due to lack of supply.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
22.07.2020 |
22.07.2020 |
||||
|
Marmara |
8 mm |
439 |
3,550 |
+2 |
+20 |
|
Marmara |
12 mm |
437 |
3,530 |
+2 |
+20 |
|
Iskenderun |
8 mm |
444 |
3,590 |
+4 |
+40 |
|
Iskenderun |
10 mm |
442 |
3,575 |
+4 |
+40 |
|
Iskenderun |
12 mm |
440 |
3,560 |
+4 |
+40 |
|
Izmir |
8 mm |
435 |
3,520 |
0 |
+10 |
|
Izmir |
10 mm |
434 |
3,510 |
0 |
+10 |
|
Izmir |
12 mm |
433 |
3,500 |
+1 |
+10 |
|
Karabuk |
8 mm |
439 |
3,550 |
0 |
+10 |
|
Karabuk |
12 mm |
437 |
3,530 |
+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 6.85