Today, May 27, Turkish domestic rebar spot prices have decreased by another TRY 80-100/mt ($10-12/mt) amid currency fluctuations, the silence on the demand side and the negative sentiment as regards local scrap prices. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,050-7,120/mt or $706-713/mt ex-warehouse, depending on the region.
Icdas has kept its official rebar price at $750/mt ex-works, while one Marmara-based mill has also started offering at $750/mt ex-works.
According to sources, most mills in the Izmir region are currently offering rebar at $740/mt ex-works.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
26.05.2021 |
26.05.2021 |
||||
|
Marmara |
8 mm |
715 |
7,140 |
-10 |
-80 |
|
Marmara |
12 mm |
713 |
7,120 |
-10 |
-80 |
|
Iskenderun |
8 mm |
709 |
7,080 |
-12 |
-100 |
|
Iskenderun |
10 mm |
708 |
7,065 |
-11 |
-100 |
|
Iskenderun |
12 mm |
706 |
7,050 |
-12 |
-100 |
|
Izmir |
8 mm |
710 |
7,090 |
-12 |
-100 |
|
Izmir |
10 mm |
709 |
7,080 |
-12 |
-100 |
|
Izmir |
12 mm |
708 |
7,070 |
-12 |
-100 |
|
Karabuk |
8 mm |
713 |
7,120 |
-10 |
-80 |
|
Karabuk |
12 mm |
711 |
7,100 |
-10 |
-80 |
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 8.46