Today, May 10, Turkish domestic rebar spot prices have mainly decreased by TRY 100/mt ($15/mt) except in the Iskenderun region where rebar spot prices have remained stable in the local currency, while prices in Turkey overall are $9-10/mt over the day. The key reasons are the rapid currency fluctuations, sluggish demand and weaker scrap prices. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 14,800-15,100/mt or $822-839/mt ex-warehouse, depending on the region.
Icdas has kept its official rebar price at $870/mt ex-works today. Most mills in the Marmara region are offering official rebar prices at $860-870/mt ex-works. It is worth mentioning that a few mills are offering sizeable discounts in order to attract the interest of buyers amid the depreciation of the Turkish lira against the US dollar.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
9.05.2022 |
9.05.2022 |
||||
|
Marmara |
8 mm |
850 |
15,300 |
-15 |
-100 |
|
Marmara |
12 mm |
839 |
15,100 |
-15 |
-100 |
|
Iskenderun |
8 mm |
833 |
15,000 |
-9 |
0 |
|
Iskenderun |
10 mm |
827 |
14,900 |
-10 |
0 |
|
Iskenderun |
12 mm |
822 |
14,800 |
-9 |
0 |
|
Izmir |
8 mm |
844 |
15,200 |
-15 |
-100 |
|
Izmir |
10 mm |
839 |
15,100 |
-15 |
-100 |
|
Izmir |
12 mm |
833 |
15,000 |
-15 |
-100 |
|
Karabuk |
8 mm |
844 |
15,200 |
-15 |
-100 |
|
Karabuk |
12 mm |
833 |
15,000 |
-15 |
-100 |
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 15.26