Today, March 23, rebar spot prices in Turkey have decreased by TRY 50-80/mt ($7-11/mt) due to the negative sentiment in the local rebar market and the silence in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,550-5,620/mt or $596-604/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions have settled their rebar prices at $615-625/mt ex-works today. Some local traders have adopted aggressive pricing policies in order to generate sales.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
22.03.2021 |
22.03.2021 |
||||
Marmara |
8 mm |
606 |
5,640 |
-7 |
-50 |
Marmara |
12 mm |
604 |
5,620 |
-7 |
-50 |
Iskenderun |
8 mm |
601 |
5,600 |
-11 |
-80 |
Iskenderun |
10 mm |
600 |
5,585 |
-10 |
-80 |
Iskenderun |
12 mm |
598 |
5,570 |
-10 |
-80 |
Izmir |
8 mm |
600 |
5,590 |
-11 |
-80 |
Izmir |
10 mm |
599 |
5,580 |
-10 |
-80 |
Izmir |
12 mm |
598 |
5,570 |
-10 |
-80 |
Karabuk |
8 mm |
598 |
5,570 |
-7 |
-50 |
Karabuk |
12 mm |
596 |
5,550 |
-7 |
-50 |
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 7.89