Turkish domestic rebar spot prices decrease further

Wednesday, 25 August 2021 17:20:14 (GMT+3)   |   Istanbul
       

Today, August 25, Turkish domestic rebar spot prices have fallen by TRY 10-70/mt over the day, only stable in the Karabuk region on US dollar basis, while down by $3-6/mt in the rest of the country over the day. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 6,580-6,680/mt or $664-674/mt ex-warehouse, depending on the region.

Icdas A.S. has kept its rebar price at $680/mt ex-works, equals to TRY 6,740/mt ex-works at the current exchange rate. Most mills in the Marmara and Izmir region are offering their official rebar prices at $670-680/mt ex-works. According to sources, some tonnage were traded at $665/mt ex-works in the Izmir region and even $660/mt ex-works in the same region is on the table today. Moreover, the tradable level in the Iskenderun region is at $665/mt ex-works, SteelOrbis has heard.

In the Samsun region, Yesilyurt Metallurgy has closed its rebar sales until Monday, September 20. “The producer mainly focuses on its billet export bookings and mostly booked for September. As a result, they have closed their rebar sales until late September” one source mentioned.

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)

24.08.2021

24.08.2021

Marmara

8 mm

676

6,700

-3

-40

Marmara

12 mm

674

6,680

-3

-40

Iskenderun

8 mm

677

6,710

-3

-40

Iskenderun

10 mm

675

6,695

-4

-40

Iskenderun

12 mm

674

6,680

-3

-40

Izmir

8 mm

666

6,600

-6

-70

Izmir

10 mm

665

6,590

-6

-70

Izmir

12 mm

664

6,580

-6

-70

Karabuk

8 mm

670

6,640

0

-10

Karabuk

12 mm

668

6,620

0

-10

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 8.40


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet