Today, November 12, spot rebar prices in Turkey have softened by TRY 20-90/mt. As of today, 12 mm spot rebar prices have settled within the range of TRY 4,410-4,550/mt, but on US dollar basis prices have increased from yesterday’s levels of $479-483/mt ex-warehouse to $487-492/mt, depending on the region.
On the other hand, Icdas’s rebar offers have remained at TRY 4,550/mt, but have again increased on dollar basis due to the change in the exchange rate to $502/mt ex-works at the current exchange rate, while Marmara-based producers’ rebar offers are in the range of $485-502/mt ex-works. In Izmir, IDC and another mill have offered rebar at $497/mt ex-works today. In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 4,500/mt ($497/mt) ex-work, while Samsun-based Yesilyurt has offered TRY 4,550/mt ($502/mt) ex-works for rebar.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
11.11.2020 |
11.11.2020 |
||||
|
Marmara |
8 mm |
494 |
4,470 |
+10 |
-80 |
|
Marmara |
12 mm |
492 |
4,450 |
+9 |
-80 |
|
Iskenderun |
8 mm |
491 |
4,440 |
+9 |
-20 |
|
Iskenderun |
10 mm |
489 |
4,425 |
+9 |
-20 |
|
Iskenderun |
12 mm |
487 |
4,410 |
+8 |
-20 |
|
Izmir |
8 mm |
491 |
4,440 |
+8 |
-20 |
|
Izmir |
10 mm |
489 |
4,430 |
+7 |
-20 |
|
Izmir |
12 mm |
488 |
4,420 |
+7 |
-20 |
|
Karabuk |
8 mm |
492 |
4,450 |
+9 |
-80 |
|
Karabuk |
12 mm |
489 |
4,430 |
+8 |
-80 |
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 7.67