Turkish domestic rebar spot prices follow diverse trends

Today, April 19, local rebar spot prices in Turkey have been moving on diverse trends, with some traders having increased their offers, some having dropped them, and others deciding to wait for a clearer market picture. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,850-5,950/mt or $614-624/mt ex-warehouse, depending on the region.

Icdas increased its rebar price by TRY 105/mt ($10/mt) to TRY 5,985/mt ($630/mt) when the exchange rate was $1 = TRY 8.05 early this morning. Another mill in this region is currently offering rebar at TRY 6,050/mt ($635/mt) ex-works at the current exchange rate. Sources report that a small tonnage of rebar was traded in the Marmara region at $625/mt ex-works last week.

Izmir Demir Celik (IDC) and another mill in the Izmir region have announced their rebar prices at TRY 6,005/mt ($630/mt) ex-works at the current exchange rate.

In the Iskenderun region, Bastug Metallurgy has opened its rebar sales at TRY 5,990/mt ($628/mt) ex-works, while one re-roller in this region is also quoting the same price today.

In the Samsun region, Yesilyurt A.S. has kept its rebar price in the local currency at TRY 6,050/mt ($635/mt) ex-works, only up $1/mt on US dollar basis over the same period.  

As of today, rebar offers in the Turkish spot market are as follows:

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 8.08