Today, November 2, Turkish domestic rebar spot prices have decreased by TRY 50-100/mt ($5-10/mt) amid sluggish demand and the relatively negative sentiment in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 8,300-8,380/mt or $738-745/mt ex-warehouse, depending on the region.
Mills’ rebar prices in the Marmara and Izmir regions are currently standing at $750/mt ex-works, including the price of Icdas A.S., while sources report that discounts of up to $10/mt are appliable for serious buyers. Local traders are in wait-and-see mode as they monitor the raw material price trend and the uncertain financial situation in Turkey.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
1.11.2021 |
1.11.2021 |
||||
|
Marmara |
8 mm |
744 |
8,370 |
-6 |
-50 |
|
Marmara |
12 mm |
743 |
8,350 |
-5 |
-50 |
|
Iskenderun |
8 mm |
743 |
8,350 |
-6 |
-60 |
|
Iskenderun |
10 mm |
741 |
8,335 |
-6 |
-60 |
|
Iskenderun |
12 mm |
740 |
8,320 |
-6 |
-60 |
|
Izmir |
8 mm |
740 |
8,320 |
-10 |
-100 |
|
Izmir |
10 mm |
739 |
8,310 |
-10 |
-100 |
|
Izmir |
12 mm |
738 |
8,300 |
-10 |
-100 |
|
Karabuk |
8 mm |
747 |
8,400 |
-7 |
-70 |
|
Karabuk |
12 mm |
745 |
8,380 |
-7 |
-70 |
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 9.53