Local Turkish rebar spot prices weaken slightly

Monday, 14 September 2020 17:35:47 (GMT+3)   |   Istanbul
       

Today, September 14, Turkish domestic rebar spot prices have decreased by TRY 10-20/mt ($3-5/mt) compared to Thursday, September 10. Accordingly, 12 mm rebar prices in the overall local Turkish spot market have settled at TRY 4,020-4,050/mt ($455-458/mt) ex-warehouse, depending on the region.

Today, İçdaş has kept its rebar price at TRY 4,100/mt ($464/mt) ex-works. Moreover, most mills in İzmir and in Marmara region are currently offering rebar at TRY 4,066-4,100/mt ($460-464/mt) ex-works, down by $2/mt from the higher end.

In İskenderun, today, one re-roller has opened its rebar sales at TRY 4,130/mt ($467/mt) ex-works.

In Karabük, Yolbulan A.Ş. has opened its rebar price at TRY 4,070/mt ($461/mt) ex-works.
Turkish local rebar market has made a quiet start this week. Sources report that special discounts are available for serious buyers. No fresh sales are heard for now.

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)

10.09.2020

10.09.2020

Marmara

8 mm

461

4,070

-4

-20

Marmara

12 mm

458

4,050

-5

-20

Iskenderun

8 mm

462

4,080

-3

-10

Iskenderun

10 mm

460

4,065

-4

-10

Iskenderun

12 mm

458

4,050

-4

-10

Izmir

8 mm

457

4,040

-5

-20

Izmir

10 mm

456

4,030

-5

-20

Izmir

12 mm

455

4,020

-5

-20

Karabuk

8 mm

459

4,060

-5

-20

Karabuk

12 mm

457

4,040

-5

-20

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 7.49


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