Today, March 1, spot prices in the Turkish domestic rebar market have decreased by TRY 20-90/mt amid rapid currency fluctuations since the end of last week, but have risen by $11-20 in prices on US dollar basis. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,530-5,580/mt or $648-654/mt ex-warehouse, depending on the region.
Icdas has dropped its rebar price in the local currency by TRY 100/mt to TRY 5,530/mt ($648/mt), up by $8/mt on US dollar basis compared to this morning due to currency fluctuations. Most Marmara-based mills are currently offering rebar at TRY 5,590/mt ($655/mt) ex-works.
Most mills in the Izmir region are offering rebar at TRY 5,520/mt ($647/mt) ex-works.
In the Samsun region, Yesilyurt A.S. has opened its rebar sales today at TRY 5,650/mt ($662/mt) ex-works, while in the Karabuk region Yolbulan A.S. has opened its rebar sales at TRY 5,600/mt ($656/mt) ex-works.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
26.02.2021 |
26.02.2021 |
||||
Marmara |
8 mm |
656 |
5,600 |
+15 |
-60 |
Marmara |
12 mm |
654 |
5,580 |
+15 |
-60 |
Iskenderun |
8 mm |
658 |
5,610 |
+20 |
-20 |
Iskenderun |
10 mm |
656 |
5,595 |
+20 |
-20 |
Iskenderun |
12 mm |
654 |
5,580 |
+20 |
-20 |
Izmir |
8 mm |
651 |
5,550 |
+12 |
-90 |
Izmir |
10 mm |
649 |
5,540 |
+11 |
-90 |
Izmir |
12 mm |
648 |
5,530 |
+11 |
-90 |
Karabuk |
8 mm |
654 |
5,580 |
+15 |
-60 |
Karabuk |
12 mm |
652 |
5,560 |
+15 |
-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 7.23