Today, August 2, Turkish domestic rebar spot prices have decreased by TRY 100/mt ($5/mt) in the Marmara region, while rising by TRY 100-200/mt ($4-10/mt) in the rest of the country, amid currency fluctuations and relatively livelier trading activity. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 12,900-13,300/mt or $609-628/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions are offering rebar at $605-630/mt ex-works today. Kardemir has succeeded in selling around 15,000-25,000/mt of rebar at $610/mt ex-works, which may be considered to be a positive sign.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
1.08.2022 |
1.08.2022 |
||||
|
Marmara |
8 mm |
628 |
13,300 |
-5 |
-100 |
|
Marmara |
12 mm |
618 |
13,100 |
-5 |
-100 |
|
Iskenderun |
8 mm |
637 |
13,500 |
+9 |
+200 |
|
Iskenderun |
10 mm |
633 |
13,400 |
+10 |
+200 |
|
Iskenderun |
12 mm |
628 |
13,300 |
+10 |
+200 |
|
Izmir |
8 mm |
618 |
13,100 |
+9 |
+200 |
|
Izmir |
10 mm |
614 |
13,000 |
+10 |
+200 |
|
Izmir |
12 mm |
609 |
12,900 |
+9 |
+200 |
|
Karabuk |
8 mm |
628 |
13,300 |
+5 |
+100 |
|
Karabuk |
12 mm |
618 |
13,100 |
+4 |
+100 |
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 17.95