Today, September 21, Turkish domestic rebar spot prices have fallen by TRY 20-50/mt ($1-4/mt), amid exchange rate fluctuations and the negative sentiment as regards local demand. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 6,750-6,800/mt or $661-666/mt ex-warehouse, depending on the region.
The general rebar price range in the Izmir and Marmara regions is currently standing at $660-670/mt ex-works, while some local traders are not in a rush to restock as they are monitoring the raw material segment closely and the Turkish Central Bank’s interest rate decision due on Thursday, September 23.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
20.09.2021 |
20.09.2021 |
||||
|
Marmara |
8 mm |
668 |
6,820 |
-4 |
-50 |
|
Marmara |
12 mm |
666 |
6,800 |
-4 |
-50 |
|
Iskenderun |
8 mm |
667 |
6,810 |
-1 |
-20 |
|
Iskenderun |
10 mm |
666 |
6,795 |
-1 |
-20 |
|
Iskenderun |
12 mm |
664 |
6,780 |
-1 |
-20 |
|
Izmir |
8 mm |
666 |
6,800 |
-1 |
-20 |
|
Izmir |
10 mm |
665 |
6,790 |
-1 |
-20 |
|
Izmir |
12 mm |
664 |
6,780 |
-1 |
-20 |
|
Karabuk |
8 mm |
663 |
6,770 |
-2 |
-30 |
|
Karabuk |
12 mm |
661 |
6,750 |
-2 |
-30 |
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 8.65