Today, January 22, spot prices in the local Turkish rebar market have fallen by TRY 30-70/mt ($7-12/mt) due to currency fluctuations and sluggish demand. As of today, 12 mm rebar spot prices in Turkey have settled at TRY 5,320-5,400/mt or $608-617/mt ex-warehouse depending on the region.
Most Turkish mills in the Marmara and Izmir regions have opened their list rebar sales at TRY 5,605-5,690/mt ($640-650/mt) ex-works. Special discounts are available for serious buyers. Turkish mills are expected to revise their rebar prices at the beginning of next week. No fresh rebar sale has been heard for now.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
21.01.2021 |
21.01.2021 |
||||
Marmara |
8 mm |
619 |
5,420 |
-8 |
-40 |
Marmara |
12 mm |
617 |
5,400 |
-8 |
-40 |
Iskenderun |
8 mm |
611 |
5,350 |
-10 |
-60 |
Iskenderun |
10 mm |
609 |
5,335 |
-11 |
-60 |
Iskenderun |
12 mm |
608 |
5,320 |
-10 |
-60 |
Izmir |
8 mm |
613 |
5,370 |
-12 |
-70 |
Izmir |
10 mm |
612 |
5,360 |
-12 |
-70 |
Izmir |
12 mm |
611 |
5,350 |
-11 |
-70 |
Karabuk |
8 mm |
619 |
5,420 |
-7 |
-30 |
Karabuk |
12 mm |
617 |
5,400 |
-7 |
-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 7.42