Today, January 21, Turkish domestic rebar spot prices have remained unchanged in the local currency as the week ends against the backdrop of the negative impact of the winter season on the construction sector and low trading activity. Accordingly, 12 mm rebar spot prices in Turkey have remained at TRY 10,850-11,100/mt or $685-701/mt ex-warehouse, depending on the region.
The producers’ general rebar price range varies at $695-710/mt ex-works, while special discounts are applicable for serious buyers only.
It is worth mentioning that some Turkish mills has taken measures following Turkish pipeline operator Botas’ recent natural gas cut. A Marmara-based mill has stopped its rolling for 10 days, while another mill in the region has arranged shorter shifts. In addition, one Marmara-based is expected either to stop rolling or to reduce shift times soon.
A few mills in Iskenderun are rumored to be about to stop production for 10 days, though this has not been confirmed by the time of publication. Moreover, one re-roller in the region has reduced its production to a single shift, SteelOrbis has heard. The local rebar market is expected to gain clarity by early next week.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
20.01.2022 |
20.01.2022 |
||||
|
Marmara |
8 mm |
714 |
11,300 |
0 |
0 |
|
Marmara |
12 mm |
701 |
11,100 |
0 |
0 |
|
Iskenderun |
8 mm |
698 |
11,050 |
0 |
0 |
|
Iskenderun |
10 mm |
691 |
10,950 |
0 |
0 |
|
Iskenderun |
12 mm |
685 |
10,850 |
0 |
0 |
|
Izmir |
8 mm |
701 |
11,100 |
0 |
0 |
|
Izmir |
10 mm |
695 |
11,000 |
0 |
0 |
|
Izmir |
12 mm |
688 |
10,900 |
0 |
0 |
|
Karabuk |
8 mm |
704 |
11,150 |
0 |
0 |
|
Karabuk |
12 mm |
691 |
10,950 |
0 |
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 13.42