Today, March 19, spot prices in the Turkish domestic rebar market have decreased by TRY 30-60/mt amid currency fluctuations and the negative sentiment in the import scrap sector. The US dollar equivalent of the rebar prices has risen by $3-7/mt. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,300-5,360/mt or $620-627/mt ex-warehouse, depending on the region.
The official rebar list prices in the Marmara and Izmir regions have remained unchanged at $620-650/mt ex-works today, with prices still quoted on US dollar basis at the current exchange rate. Turkish mills are expected to revise their list prices by the beginning of next week.
In the Samsun region, Yesilyurt A.S. has opened its rebar sales at TRY 5,550/mt ($649/mt) ex-works, stable on lira basis, while up by $11/mt on US dollar basis at the current exchange rate.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
18.03.2021 |
18.03.2021 |
||||
|
Marmara |
8 mm |
629 |
5,380 |
+6 |
-40 |
|
Marmara |
12 mm |
627 |
5,360 |
+6 |
-40 |
|
Iskenderun |
8 mm |
623 |
5,330 |
+7 |
-30 |
|
Iskenderun |
10 mm |
621 |
5,315 |
+6 |
-30 |
|
Iskenderun |
12 mm |
620 |
5,300 |
+7 |
-30 |
|
Izmir |
8 mm |
622 |
5,320 |
+5 |
-50 |
|
Izmir |
10 mm |
621 |
5,310 |
+5 |
-50 |
|
Izmir |
12 mm |
620 |
5,300 |
+5 |
-50 |
|
Karabuk |
8 mm |
624 |
5,340 |
+3 |
-60 |
|
Karabuk |
12 mm |
622 |
5,320 |
+3 |
-60 |
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 7.25