Turkish domestic rebar spot prices have increased further by TRY 10-40/mt ($1-6/mt) today, July 21, to the range of TRY 3,480-3,520/mt ($431-435/mt) ex-warehouse, depending on the region and the dimension. Market players consider Turkish integrated mill Kardemir’s domestic rebar sales (approximately 28,250 mt in total) to be a positive sign, while some have even indicated that they expect price increases from other steelmakers.
Icdas has kept its rebar prices stable today at TRY 3,480/mt ($431/mt) ex-works. The general range of other Marmara-based mills’ rebar offers is at TRY 3,520-3,550/mt ($435-439/mt) ex-works.
Izmir Demir Celik (IDC) has also kept its domestic rebar offers unchanged at TRY 3,500/mt ($433/mt) ex-works today, while in Iskenderun Koc Metallurgy has announced that its domestic rebar sales are closed for the day.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
20.07.2020 |
20.07.2020 |
||||
|
Marmara |
8 mm |
435 |
3,520 |
+1 |
+10 |
|
Marmara |
12 mm |
433 |
3,500 |
+2 |
+10 |
|
Iskenderun |
8 mm |
439 |
3,550 |
+3 |
+20 |
|
Iskenderun |
10 mm |
437 |
3,535 |
+3 |
+20 |
|
Iskenderun |
12 mm |
435 |
3,520 |
+3 |
+20 |
|
Izmir |
8 mm |
433 |
3,500 |
+3 |
+20 |
|
Izmir |
10 mm |
432 |
3,490 |
+3 |
+20 |
|
Izmir |
12 mm |
431 |
3,480 |
+4 |
+20 |
|
Karabuk |
8 mm |
437 |
3,530 |
+6 |
+40 |
|
Karabuk |
12 mm |
434 |
3,510 |
+5 |
+40 |
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