Today, January 15, spot prices in the local Turkish rebar market have decreased by another TRY 20-50/mt ($7-11/mt) amid currency fluctuations and sluggish demand. As of today, 12 mm rebar spot prices in Turkey have settled at TRY 5,590-5,650/mt or $637-644/mt ex-warehouse depending on the region.
Most Marmara and Izmir-based mills are currently offering rebar at TRY 5,670-5,795/mt ($645-660/mt) ex-works.
Most buyers are refraining from new purchases in order to gain a better understanding of the situation in the import scrap segment.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
14.01.2021 |
14.01.2021 |
||||
|
Marmara |
8 mm |
646 |
5,670 |
-9 |
-30 |
|
Marmara |
12 mm |
644 |
5,650 |
-8 |
-30 |
|
Iskenderun |
8 mm |
641 |
5,630 |
-8 |
-20 |
|
Iskenderun |
10 mm |
640 |
5,615 |
-7 |
-20 |
|
Iskenderun |
12 mm |
638 |
5,600 |
-7 |
-20 |
|
Izmir |
8 mm |
640 |
5,620 |
-11 |
-50 |
|
Izmir |
10 mm |
639 |
5,610 |
-11 |
-50 |
|
Izmir |
12 mm |
638 |
5,600 |
-11 |
-50 |
|
Karabuk |
8 mm |
639 |
5,610 |
-10 |
-40 |
|
Karabuk |
12 mm |
637 |
5,590 |
-10 |
-40 |
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 7.44