Today, July 6, Turkish domestic rebar spot prices have increased by TRY 100-200/mt, while falling by $7-12/mt since the beginning of this week amid the rapid currency fluctuations in the country. The exchange rate was at $1 = TRY 16.84 on Monday, June 4. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 13,900-14,200/mt or $684-698/mt ex-warehouse, depending on the region.
Most Marmara-based mills were offering rebar at $700/mt ex-works, while a few mills in the region attempted to raise their rebar prices to $720/mt ex-works in the afternoon.
In the Iskenderun region, Bastug Metallurgy has closed its rebar sales today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
4.07.2022 |
4.07.2022 |
||||
|
Marmara |
8 mm |
708 |
14,400 |
-7 |
+200 |
|
Marmara |
12 mm |
698 |
14,200 |
-7 |
+200 |
|
Iskenderun |
8 mm |
698 |
14,200 |
-12 |
+100 |
|
Iskenderun |
10 mm |
694 |
14,100 |
-11 |
+100 |
|
Iskenderun |
12 mm |
689 |
14,000 |
-11 |
+100 |
|
Izmir |
8 mm |
694 |
14,100 |
-11 |
+100 |
|
Izmir |
10 mm |
689 |
14,000 |
-11 |
+100 |
|
Izmir |
12 mm |
684 |
13,900 |
-10 |
+100 |
|
Karabuk |
8 mm |
694 |
14,100 |
-11 |
+100 |
|
Karabuk |
12 mm |
684 |
13,900 |
-10 |
+100 |
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 17.23