Today, November 26, rebar spot prices in Turkey have risen by another TRY 10-40/mt ($7-10/mt) over the day due to the positive sentiment in the import scrap segment and currency fluctuations. As a result, 12 mm rebar spot prices have settled within the range of TRY 4,820-4,880/mt or $518-524/mt ex-warehouse depending on the region.
Most Marmara-based mills are currently offering rebar at TRY 4,935-4,980/mt ($530-535/mt) ex-works.
One Izmir-based mill is currently offering rebar at TRY 4,840/mt ($520/mt) ex-works and Izmir Demir Celik (IDC) has closed its rebar sales, which it opened at TRY 4,795/mt ($515/mt) ex-works, by noon. According to market sources, yesterday, approximately 30,000 mt of rebar has traded in Izmir at TRY 4,795/mt ($515/mt) ex-works.
Karabuk-based Yolbulan has kept its rebar sales at TRY 4,940/mt ($531/mt) ex-works today. The producer’s price is stable in Turkish lira basis and up by $6/mt over the day.
Samsun-based Yesilyurt has announced its rebar sales at TRY 4,940/mt ($531/mt) ex-works, up by TRY 30/mt ($10/mt) over the day.
Turkish mills are expected to revise their prices in line with the stronger scrap in the short term.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
25.11.2020 |
25.11.2020 |
||||
|
Marmara |
8 mm |
526 |
4,900 |
+8 |
+20 |
|
Marmara |
12 mm |
524 |
4,880 |
+8 |
+20 |
|
Iskenderun |
8 mm |
527 |
4,910 |
+10 |
+40 |
|
Iskenderun |
10 mm |
526 |
4,895 |
+10 |
+40 |
|
Iskenderun |
12 mm |
524 |
4,880 |
+10 |
+40 |
|
Izmir |
8 mm |
520 |
4,840 |
+8 |
+20 |
|
Izmir |
10 mm |
519 |
4,830 |
+8 |
+20 |
|
Izmir |
12 mm |
518 |
4,820 |
+8 |
+20 |
|
Karabuk |
8 mm |
524 |
4,880 |
+7 |
+10 |
|
Karabuk |
12 mm |
522 |
4,860 |
+7 |
+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 7.89