Today, July 7, Turkish domestic rebar spot prices have risen by TRY 350-600/mt ($17-28/mt) amid the positive sentiment in the import scrap segment and currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 14,400-14,550/mt or $707-715/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions are offering rebar at $720-730/mt ex-works today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
6.07.2022 |
6.07.2022 |
||||
|
Marmara |
8 mm |
725 |
14,750 |
+17 |
+350 |
|
Marmara |
12 mm |
715 |
14,550 |
+17 |
+350 |
|
Iskenderun |
8 mm |
720 |
14,650 |
+22 |
+450 |
|
Iskenderun |
10 mm |
715 |
14,550 |
+21 |
+450 |
|
Iskenderun |
12 mm |
710 |
14,450 |
+21 |
+450 |
|
Izmir |
8 mm |
717 |
14,600 |
+23 |
+500 |
|
Izmir |
10 mm |
712 |
14,500 |
+23 |
+500 |
|
Izmir |
12 mm |
707 |
14,400 |
+23 |
+500 |
|
Karabuk |
8 mm |
722 |
14,700 |
+28 |
+600 |
|
Karabuk |
12 mm |
712 |
14,500 |
+28 |
+600 |
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 17.25