Today, June 30, Turkish domestic rebar spot prices have increased by TRY 300-600/mt ($12-28/mt) amid positive sentiment in the import scrap segment and livelier demand following Icdas’s recent price hike. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 12,700-13,000/mt or $644-660/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions are currently offering rebar at $640-650/mt ex-works.
In the Iskenderun region, Bastug Metallurgy has opened its rebar sales at TRY 13,200/mt ($670/mt) ex-works today. Demand is relatively livelier ahead of the holiday season and some local traders are attempting to restock material in case a lack of supply may occur in the local market due to the ongoing tax investigations.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
29.06.2022 |
29.06.2022 |
||||
|
Marmara |
8 mm |
665 |
13,100 |
+13 |
+300 |
|
Marmara |
12 mm |
655 |
12,900 |
+13 |
+300 |
|
Iskenderun |
8 mm |
670 |
13,200 |
+18 |
+400 |
|
Iskenderun |
10 mm |
665 |
13,100 |
+18 |
+400 |
|
Iskenderun |
12 mm |
660 |
13,000 |
+18 |
+400 |
|
Izmir |
8 mm |
655 |
12,900 |
+13 |
+300 |
|
Izmir |
10 mm |
650 |
12,800 |
+13 |
+300 |
|
Izmir |
12 mm |
644 |
12,700 |
+12 |
+300 |
|
Karabuk |
8 mm |
670 |
13,200 |
+28 |
+600 |
|
Karabuk |
12 mm |
660 |
13,000 |
+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 16.70