Local Turkish rebar spot prices stable, demand moderate

Thursday, 24 December 2020 17:26:19 (GMT+3)   |   Istanbul
       

Today, December 24, spot prices in the local Turkish rebar market have remained unchanged in the local currency, while rising by $9-10/mt on US dollar basis due to currency fluctuations, as compared to Monday, December 20. As of today, 12 mm rebar spot prices in Turkey have remained at TRY 5,630-5,680/mt or $630-636/mt ex-warehouse depending on the region.


Icdas has kept its rebar sales price at TRY 5,650/mt ($633/mt) ex-works today. Producer’s price is stable in local currency, while it is $10/mt higher due to the currency fluctuations. In addition, one Marmara-based mill has started to offer rebar at TRY 5,805/mt ($650/mt) ex-works this afternoon, after selling 6,000 mt of rebar at TRY 5,715-5,760/mt ($640-645/mt) ex-works in earlier of the day.

Most Izmir-based mills are offering rebar at TRY 5,630/mt ($630/mt) ex-works. According to market sources, 5,000-8,000 mt of rebar has been traded in the region at this price level.

In Samsun, Yesilyurt A.S. has kept its rebar prices at TRY 5,800/mt ($649/mt) ex-works. The price is stable in local currency, while it is $9/mt higher due to the currency fluctuations.

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)

21.12.2020

21.12.2020

Marmara

8 mm

638

5,700

+9

0

Marmara

12 mm

636

5,680

+9

0

Iskenderun

8 mm

636

5,680

+9

0

Iskenderun

10 mm

634

5,665

+9

0

Iskenderun

12 mm

633

5,650

+10

0

Izmir

8 mm

635

5,670

+9

0

Izmir

10 mm

634

5,660

+9

0

Izmir

12 mm

633

5,650

+10

0

Karabuk

8 mm

633

5,650

+10

0

Karabuk

12 mm

630

5,630

+9

0

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 7.57


Tags: Rebar Longs Turkey Europe 

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