Today, July 2, Turkish domestic rebar spot prices have increased only in the Iskenderun region by TRY 20/mt. The general range in Turkey is now at TRY 3,360-3,420/mt ($416-423/mt) ex-warehouse depending on the region.
Most mills in the Izmir and Marmara regions are currently offering rebar at TRY 3,380-3,430/mt ($418-424/mt) ex-works. According to sources, the total tonnage traded yesterday in Marmara was 15,000 mt at TRY 3,360/mt ($416/mt) ex-works, versus 5,000 mt at TRY 3,400 ($421/mt) ex-works discussed in the market previously.
In the Iskenderun region, Koc Metalurgy A.S. has increased its rebar price by TRY 20/mt ($2/mt) to TRY 3,470/mt ($429/mt) ex-works. The reason for traders’ current price increase in the region is the imbalance between supply and demand in this region, SteelOrbis has learned.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
1.07.2020 |
1.07.2020 |
||||
|
Marmara |
8 mm |
422 |
3,410 |
0 |
0 |
|
Marmara |
12 mm |
419 |
3,390 |
0 |
0 |
|
Iskenderun |
8 mm |
427 |
3,450 |
+3 |
+20 |
|
Iskenderun |
10 mm |
425 |
3,435 |
+3 |
+20 |
|
Iskenderun |
12 mm |
423 |
3,420 |
+2 |
+20 |
|
Izmir |
8 mm |
418 |
3,380 |
0 |
0 |
|
Izmir |
10 mm |
417 |
3,370 |
0 |
0 |
|
Izmir |
12 mm |
416 |
3,360 |
0 |
0 |
|
Karabuk |
8 mm |
422 |
3,410 |
0 |
0 |
|
Karabuk |
12 mm |
419 |
3,390 |
0 |
0 |
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