Local Turkish rebar spot prices rise on lira basis

Wednesday, 13 July 2022 17:17:53 (GMT+3)   |   Istanbul
       

Today, July 13, Turkish domestic rebar spot prices have risen by TRY 150-200/mt, with minor changes on US dollar basis, in order to offset currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 14,550-14,700/mt or $707-714/mt ex-warehouse, depending on the region.

Most mills in the Marmara and Izmir regions have kept their official rebar prices at $720-730/mt ex-works today. They are expected to revise their rebar prices by the beginning of next week.

In the Samsun region, Yesilyurt Metallurgy has opened its rebar price at TRY 15,200/mt ($738/mt) ex-works today.

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)

7.07.2022

7.07.2022

Marmara

8 mm

724

14,900

-1

+150

Marmara

12 mm

714

14,700

-1

+150

Iskenderun

8 mm

719

14,800

-1

+150

Iskenderun

10 mm

714

14,700

-1

+150

Iskenderun

12 mm

709

14,600

-1

+150

Izmir

8 mm

716

14,750

-1

+150

Izmir

10 mm

711

14,650

-1

+150

Izmir

12 mm

707

14,550

0

+150

Karabuk

8 mm

724

14,900

+2

+200

Karabuk

12 mm

714

14,700

+2

+200

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 17.45


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