Today, June 22, Turkish domestic rebar spot prices have dropped by TRY 20-30/mt ($2-4/mt) compared to late last week to TRY 3,380-3,430/mt ($418-424/mt) ex-warehouse depending on the region.
Turkish mills mainly in the Izmir and Marmara regions have set their official rebar prices at TRY 3,470-3,490/mt ($429-431/mt) ex-works. Sources report that special discounts are applicable for serious buyers in order to generate sales.
Most buyers are on hold for new purchases and are waiting to have a clearer picture of the import scrap segment.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
19.06.2020 |
19.06.2020 |
||||
|
Marmara |
8 mm |
422 |
3,420 |
-4 |
-30 |
|
Marmara |
12 mm |
420 |
3,400 |
-4 |
-30 |
|
Iskenderun |
8 mm |
427 |
3,460 |
-2 |
-20 |
|
Iskenderun |
10 mm |
426 |
3,445 |
-2 |
-20 |
|
Iskenderun |
12 mm |
424 |
3,430 |
-2 |
-20 |
|
Izmir |
8 mm |
421 |
3,410 |
-2 |
-20 |
|
Izmir |
10 mm |
420 |
3,400 |
-2 |
-20 |
|
Izmir |
12 mm |
419 |
3,390 |
-2 |
-20 |
|
Karabuk |
8 mm |
420 |
3,400 |
-2 |
-20 |
|
Karabuk |
12 mm |
418 |
3,380 |
-2 |
-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 6.86