Turkish domestic rebar spot prices decrease once again

Wednesday, 13 April 2022 16:44:21 (GMT+3)   |   Istanbul
       

Today, April 13, Turkish domestic rebar spot prices have fallen by TRY 150-300/mt ($5-14/mt), against the backdrop of currency fluctuations and the negative sentiment in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 15,450-15,700/mt or $896-911/mt ex-warehouse, depending on the region.

Most mills in the Izmir and Marmara regions have kept their rebar prices at $960-965/mt ex-works, including Icdas A.S., while their rebar prices on lira basis have dropped sharply to offset currency fluctuations.

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)

12.04.2022

12.04.2022

Marmara

8 mm

922

15,900

-14

-300

Marmara

12 mm

911

15,700

-14

-300

Iskenderun

8 mm

908

15,650

-5

-150

Iskenderun

10 mm

902

15,550

-6

-150

Iskenderun

12 mm

896

15,450

-6

-150

Izmir

8 mm

914

15,750

-11

-250

Izmir

10 mm

908

15,650

-11

-250

Izmir

12 mm

902

15,550

-11

-250

Karabuk

8 mm

908

15,650

-5

-150

Karabuk

12 mm

896

15,450

-6

-150

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 14.61


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