Today, May 18, Turkish domestic rebar spot prices have fallen by TRY 50-250/mt ($6-16/mt) compared to Monday, May 15, amid ongoing currency fluctuations and the unclear financial situation in the country. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 15,500-15,600/mt or $664-668/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 19.79.
Icdas A.S. has kept its official rebar price at $685/mt ex-works today. Sources report the local workable rebar price range varies at TRY 15,500-15,900/mt ($650-665/mt) ex-works when the exchange rate is taken as $1 = TRY 20.24, while a few mills are offering slightly higher levels.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
15.05.2023 |
15.05.2023 |
||||
|
Marmara |
8 mm |
677 |
15,800 |
-6 |
-50 |
|
Marmara |
12 mm |
668 |
15,600 |
-7 |
-50 |
|
Iskenderun |
8 mm |
672 |
15,700 |
-13 |
-200 |
|
Iskenderun |
10 mm |
668 |
15,600 |
-13 |
-200 |
|
Iskenderun |
12 mm |
664 |
15,500 |
-13 |
-200 |
|
Izmir |
8 mm |
672 |
15,700 |
-11 |
-150 |
|
Izmir |
10 mm |
668 |
15,600 |
-11 |
-150 |
|
Izmir |
12 mm |
664 |
15,500 |
-11 |
-150 |
|
Karabuk |
8 mm |
674 |
15,750 |
-16 |
-250 |
|
Karabuk |
12 mm |
666 |
15,550 |
-15 |
-250 |
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 19.79