Today, January 28, spot prices in the Turkish domestic rebar market have been cut by TRY 40-80/mt ($4-9/mt) due to sluggish demand. As of today, 12 mm rebar spot prices in Turkey are at TRY 5,140-5,220/mt or $589-599/mt ex-warehouse depending on the region.
Most mills in the Marmara region are mainly offering rebar at TRY 5,390-5,405 /mt (618-620/mt) ex-works.
Some traders are trying to destock material to generate cash flow as the month ends, SteelOrbis has heard.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
27.01.2021 |
27.01.2021 |
||||
|
Marmara |
8 mm |
601 |
5,240 |
-9 |
-80 |
|
Marmara |
12 mm |
599 |
5,220 |
-9 |
-80 |
|
Iskenderun |
8 mm |
593 |
5,170 |
-8 |
-70 |
|
Iskenderun |
10 mm |
591 |
5,155 |
-8 |
-70 |
|
Iskenderun |
12 mm |
589 |
5,140 |
-8 |
-70 |
|
Izmir |
8 mm |
600 |
5,230 |
-4 |
-40 |
|
Izmir |
10 mm |
599 |
5,220 |
-4 |
-40 |
|
Izmir |
12 mm |
597 |
5,210 |
-5 |
-40 |
|
Karabuk |
8 mm |
600 |
5,230 |
-4 |
-40 |
|
Karabuk |
12 mm |
597 |
5,210 |
-5 |
-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 7.39