Today, September 28, Turkish domestic rebar spot prices have increased by TRY 80-110/mt with minor changes in US dollar basis to offset currency fluctuations. Accordingly, 12 mm rebar prices in the overall local Turkish spot market have settled at TRY 4,130-4,180/mt ($448-454/mt) ex-warehouse, depending on the region.
Today, İçdaş has increased its official rebar price in the local currency by TRY 140/mt to TRY 4,230/mt ($459/mt) ex-works, with its dollar-based price down $2/mt on the same day from $461/mt ex-works this morning.
One İzmir-based mill is offering rebar at TRY 4,195/mt ($455/mt) ex-works.
In Iskenderun, Baştuğ Metalürji has opened its rebar sales at TRY 4,220/mt ($458/mt) ex-works.
In Karabuk, Yolbulan has opened its rebar sales at TRY 4,180/mt ($454/mt) ex-works, up TRY 100/mt, stable in US dollar basis today.
In Samsun, Yeşilyurt A.Ş. has also raised its rebar prices, by TRY 80/mt, down by $3/mt in US dollar basis to TRY 4,230/mt ($459/mt) ex-works.
Most buyers are in a wait and see stance for now.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
25.09.2020 |
25.09.2020 |
||||
Marmara |
8 mm |
456 |
4,200 |
-1 |
+90 |
Marmara |
12 mm |
454 |
4,180 |
-1 |
+90 |
Iskenderun |
8 mm |
451 |
4,160 |
+1 |
+110 |
Iskenderun |
10 mm |
450 |
4,145 |
+1 |
+110 |
Iskenderun |
12 mm |
448 |
4,130 |
+1 |
+110 |
Izmir |
8 mm |
452 |
4,170 |
-3 |
+80 |
Izmir |
10 mm |
451 |
4,160 |
-3 |
+80 |
Izmir |
12 mm |
450 |
4,150 |
-3 |
+80 |
Karabuk |
8 mm |
450 |
4,150 |
+1 |
+110 |
Karabuk |
12 mm |
448 |
4,130 |
+1 |
+110 |
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 7.81