Turkish domestic rebar prices continue to firm up amid costlier scrap

Tuesday, 07 April 2020 17:28:30 (GMT+3)   |   Istanbul
       

Local rebar spot prices in Turkey have risen by TRY 40-80/mt ($8-13/mt) today, April 7, supported by costlier scrap levels fixed in the most recent deals. Moreover, moderate sales have continued.

Sources report sales of 11,000 mt of rebar in Izmir at TRY 3,150/mt ($387/mt) ex-works, reaching 16,000 mt in total for this week for a single mill.

Marmara region-based Icdas has kept its 12-32 mm rebar price at TRY 3,200/mt ($404/mt) ex-works today, with its prices on US dollar basis rising by $3/mt. Some other mills in the area have been offering TRY 3,251/mt ($410/mt) ex-works.

In the Iskenderun region, Koc Metalurji has raised its 12 mm rebar price by TRY 50/mt ($9/mt) to TRY 3,250/mt ($410/mt) exworks. Bastug Metalurji has opened its sales today at the same level.

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)

6.04.2020

6.04.2020

Marmara

8 mm

411

3,260

+8

+40

Marmara

12 mm

409

3,240

+8

+40

Iskenderun

8 mm

411

3,260

+9

+50

Iskenderun

10 mm

409

3,245

+9

+50

Iskenderun

12 mm

407

3,230

+9

+50

Izmir

8 mm

406

3,220

+8

+40

Izmir

10 mm

405

3,210

+8

+40

Izmir

12 mm

404

3,200

+8

+40

Karabuk

8 mm

409

3,240

+13

+80

Karabuk

12 mm

406

3,220

+13

+80

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 6.72


Most Recent Related Articles

Turkish domestic rebar spot prices trend up amid stronger scrap

Turkish mills prioritize rebar exports and raise prices

Turkey’s Icdas revises its longs prices to offset the currency fluctuations

Turkish domestic rebar spot prices soften in local currency    

Turkish domestic rebar spot prices increase slightly