Today, July 1, Turkish domestic rebar spot prices have risen by another TRY 500-600/mt ($23-29/mt) amid the positive sentiment in the import segment and currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 13,300-13,600/mt or $673-688/mt ex-warehouse, depending on the region.
Most Turkish mills have either increased their rebar prices gradually or closed their rebar sales as the week draws to a close. Today, most Marmara-based mills started quoting their rebar prices at $670/mt ex-works and increased their rebar prices by $10-15/mt during the day. Also, Icdas has increased its rebar price by another $10/mt to $680/mt ex-works in the afternoon. As a result, rebar prices in the Marmara region have settled at $680-685/mt ex-works, while one mill in this region has closed its rebar sales for now.
In the Izmir region, rebar prices vary at $660-680/mt ex-works today and are expected to be revised by the beginning of next week.
In the Iskenderun region, Bastug Metallurgy has increased its rebar prices by TRY 400/mt ($18/mt) to TRY 13,600/mt ($688/mt) ex-works today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
30.06.2022 |
30.06.2022 |
||||
|
Marmara |
8 mm |
693 |
13,700 |
+28 |
+600 |
|
Marmara |
12 mm |
683 |
13,500 |
+28 |
+600 |
|
Iskenderun |
8 mm |
698 |
13,800 |
+28 |
+600 |
|
Iskenderun |
10 mm |
693 |
13,700 |
+28 |
+600 |
|
Iskenderun |
12 mm |
688 |
13,600 |
+28 |
+600 |
|
Izmir |
8 mm |
683 |
13,500 |
+28 |
+600 |
|
Izmir |
10 mm |
678 |
13,400 |
+28 |
+600 |
|
Izmir |
12 mm |
673 |
13,300 |
+29 |
+600 |
|
Karabuk |
8 mm |
693 |
13,700 |
+23 |
+500 |
|
Karabuk |
12 mm |
683 |
13,500 |
+23 |
+500 |
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 16.76