Local Turkish rebar spot prices increase sharply

Thursday, 10 December 2020 17:35:58 (GMT+3)   |   Istanbul
       

Today, December 10, rebar spot prices in Turkey have increased by TRY 80-120/mt ($6-10/mt) amid the positive sentiment in the import scrap segment. As of today, 12 mm rebar spot prices in Turkey have settled within the range of TRY 5,280-5,330/mt or $569-574/mt ex-warehouse depending on the region.

Most mills in the Marmara region are currently offering rebar at TRY 5,340-5,385/mt ($575-580/mt) ex-works, while a few Marmara-based mills closed their rebar sales in the afternoon. Over 10,000 mt of rebar has been traded at TRY 5,220/mt ($562/mt) ex-works in this region today.

In the Iskenderun region, Bastug A.S. has closed its rebar sales today.

In the Karabuk region, Yolbulan A.S. has closed its rebar sales today, while in the Samsun region Yesilyurt has opened its rebar sales at TRY 5,400/mt ($581/mt) ex-works today, up by TRY 100/mt ($7/mt).

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)

9.12.2020

9.12.2020

Marmara

8 mm

576

5,350

+9

+110

Marmara

12 mm

574

5,330

+9

+110

Iskenderun

8 mm

574

5,330

+8

+100

Iskenderun

10 mm

572

5,315

+8

+100

Iskenderun

12 mm

571

5,300

+8

+100

Izmir

8 mm

571

5,300

+6

+80

Izmir

10 mm

570

5,290

+6

+80

Izmir

12 mm

569

5,280

+6

+80

Karabuk

8 mm

573

5,320

+10

+120

Karabuk

12 mm

571

5,300

+10

+120

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 7.87


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