Today, August 13, Turkish domestic rebar spot prices have decreased by another TRY 20-50/mt with minor changes on US dollar basis due to the negative sentiment in the import scrap segment and the silence on the demand side, against the backdrop of currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,850-6,950/mt or $679-689/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions have kept their rebar prices at $680-710/mt ex-works, including Icdas A.S. which is still at $700/mt ex-works today.
Turkish mills are expected to revise their local prices in line with import scrap prices by the beginning of next week.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
12.08.2021 |
12.08.2021 |
||||
|
Marmara |
8 mm |
689 |
6,950 |
+1 |
-20 |
|
Marmara |
12 mm |
687 |
6,930 |
+1 |
-20 |
|
Iskenderun |
8 mm |
687 |
6,930 |
0 |
-30 |
|
Iskenderun |
10 mm |
685 |
6,915 |
0 |
-30 |
|
Iskenderun |
12 mm |
684 |
6,900 |
0 |
-30 |
|
Izmir |
8 mm |
681 |
6,870 |
0 |
-30 |
|
Izmir |
10 mm |
680 |
6,860 |
0 |
-30 |
|
Izmir |
12 mm |
679 |
6,850 |
0 |
-30 |
|
Karabuk |
8 mm |
691 |
6,970 |
-2 |
-50 |
|
Karabuk |
12 mm |
689 |
6,950 |
-2 |
-50 |
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 8.55