Turkish domestic rebar spot prices fall further

Wednesday, 10 March 2021 17:42:37 (GMT+3)   |   Istanbul
       

Today, March 10, spot prices in the Turkish domestic rebar market have decreased by TRY 30-70/mt due to currency fluctuations, negative sentiment in the import scrap segment and silent demand, with just minor changes in prices on US dollar basis on the same day. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,630-5,690/mt or $629-635/mt ex-warehouse, depending on the region.

Most Turkish mills are trying to keep their rebar list prices firm, with their prices mainly varying in the range of $640-650/mt ex-works, while a few mills are offering slightly higher levels with the current exchange rate. Sources report that special discounts are available for serious buyers and that the general sentiment in the market is negative among buyers.

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)

9.03.2021

9.03.2021

Marmara

8 mm

638

5,710

-1

-70

Marmara

12 mm

635

5,690

-2

-70

Iskenderun

8 mm

632

5,660

-2

-70

Iskenderun

10 mm

630

5,645

-2

-70

Iskenderun

12 mm

629

5,630

-2

-70

Izmir

8 mm

638

5,710

+3

-30

Izmir

10 mm

636

5,700

+2

-30

Izmir

12 mm

635

5,690

+2

-30

Karabuk

8 mm

635

5,690

+1

-40

Karabuk

12 mm

633

5,670

+1

-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 7.59


Tags: Rebar Longs Turkey Europe 

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