Turkish domestic rebar spot prices fall slightly in local currency

Monday, 01 March 2021 16:45:47 (GMT+3)   |   Istanbul
       

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


Similar articles

Domestic rebar prices in Taiwan - week 13, 2024

29 Mar | Longs and Billet

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet