Today, January 7, spot prices in the local Turkish rebar market have increased by TRY 20/mt ($5/mt) in the Iskenderun and Izmir regions, while decreasing by TRY 30/mt in the Karabuk region, with minor changes on US dollar basis amid currency fluctuations. Only rebar prices in the Marmara region have moved sideways on lira basis, up by $2-3/mt on dollar basis today. As of today, 12 mm rebar spot prices in Turkey have settled at TRY 5,470-5,580/mt or $634-647/mt ex-warehouse depending on the region.
Icdas has decreased its rebar price by TRY 50/mt to TRY 5,560/mt ($645/mt) ex-works, down by $2/mt compared to early this morning. In the Marmara region, rebar prices have settled at TRY 5,695-5,735/mt ($660-665/mt) ex-works today.
In the Izmir region, Izmir Demir Celik (IDC) has set its rebar price at TRY 5,695/mt ($660/mt) ex-works.
However, some local rebar buyers are refraining from new purchases due to the sharp daily currency fluctuations.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
6.01.2021 |
6.01.2021 |
||||
|
Marmara |
8 mm |
649 |
5,600 |
+2 |
0 |
|
Marmara |
12 mm |
647 |
5,580 |
+3 |
0 |
|
Iskenderun |
8 mm |
638 |
5,500 |
+5 |
+20 |
|
Iskenderun |
10 mm |
636 |
5,485 |
+5 |
+20 |
|
Iskenderun |
12 mm |
634 |
5,470 |
+5 |
+20 |
|
Izmir |
8 mm |
647 |
5,580 |
+5 |
+20 |
|
Izmir |
10 mm |
646 |
5,570 |
+5 |
+20 |
|
Izmir |
12 mm |
645 |
5,560 |
+5 |
+20 |
|
Karabuk |
8 mm |
646 |
5,570 |
-1 |
-30 |
|
Karabuk |
12 mm |
643 |
5,550 |
-1 |
-30 |
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 7.31