Local Turkish rebar spot prices increase significantly

Monday, 21 December 2020 17:37:45 (GMT+3)   |   Istanbul
       

Today, December 21, rebar spot prices in Turkey have risen by TRY 50-130/mt, while rising by $11-20/mt on US dollar basis due to currency fluctuations, as compared to Thursday, December 17. As of today, 12 mm rebar spot prices in Turkey have settled within the range of TRY 5,630-5,680/mt or $621-627/mt ex-warehouse depending on the region.

Icdas has raised its rebar sales price to TRY 5,650/mt ($623/mt) ex-works today, up by $3/mt compared to this morning due to currency fluctuations. In addition, most Marmara-based mills are currently offering rebar at TRY 5,755/mt ($635/mt) ex-works.

In the Izmir region, Izmir Demir Celik (IDC) has issued its rebar price at TRY 5,710/mt ex-works ($630/mt) ex-works today.

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

In the Samsun region, Yesilyurt A.S. has opened its rebar sales at TRY 5,800/mt ($640/mt) ex-works.

In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 5,700/mt ($629/mt) ex-works.

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)

17.12.2020

17.12.2020

Marmara

8 mm

629

5,700

+11

+50

Marmara

12 mm

627

5,680

+11

+50

Iskenderun

8 mm

627

5,680

+14

+70

Iskenderun

10 mm

625

5,665

+13

+70

Iskenderun

12 mm

623

5,650

+13

+70

Izmir

8 mm

626

5,670

+20

+130

Izmir

10 mm

625

5,660

+20

+130

Izmir

12 mm

623

5,650

+19

+130

Karabuk

8 mm

623

5,650

+13

+70

Karabuk

12 mm

621

5,630

+13

+70

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 7.68


Similar articles

Offers in SE Asia’s import rebar market rise despite lack of positive mood in China

10 May | Longs and Billet

Domestic rebar prices in Taiwan - week 19, 2024

10 May | Longs and Billet

Buyers in southern European longs market start to respond to certain hikes

10 May | Longs and Billet

Major steel and raw material futures prices in China - May 10, 2024

10 May | Longs and Billet

US rebar imports down 6.2 percent in March from February

10 May | Steel News

Romanian longs prices stable amid weak activity after holiday

09 May | Longs and Billet

Local Turkish rebar spot prices soften

09 May | Longs and Billet

Major steel and raw material futures prices in China - May 9, 2024

09 May | Longs and Billet

Major steel and raw material futures prices in China - May 8, 2024

08 May | Longs and Billet

Turkish longs exports silent due to low demand, prices stable

08 May | Longs and Billet