Today, September 11, Turkish domestic rebar spot prices have remained unchanged in the local currency in the Marmara region, while rebar spot prices have fallen by TRY 150/mt with minor changes on US dollar basis in the Iskenderun region amid the aggressive pricing policies of a few traders. In addition, rebar spot prices have risen by TRY 100/mt ($2-3/mt) in the Karabuk and Izmir regions. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 18,500-18,700/mt or $574-580/mt ex-warehouse, depending on the region, with an exchange rate of $1 = TRY 26.87.
Icdas has kept its official dollar-based rebar price stable at $590/mt ex-works today. Most mills in the Izmir and Marmara regions are offering official rebar prices at $580-590/mt ex-works, including Icdas A.S.. Sources report additional discounts are applicable for serious buyers.
One Iskenderun-based mill has issued its rebar price at TRY 18,700/mt ($580/mt) ex-works, rising by TRY 250/mt ($7/mt) compared to the end of last week amid firm import scrap prices. Moreover, another Iskenderun-based mill is expected to complete its maintenance works within this month.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
7.09.2023 |
7.09.2023 |
||||
|
Marmara |
8 mm |
599 |
19,300 |
0 |
0 |
|
Marmara |
12 mm |
580 |
18,700 |
0 |
0 |
|
Iskenderun |
8 mm |
592 |
19,100 |
-5 |
-150 |
|
Iskenderun |
10 mm |
586 |
18,900 |
-5 |
-150 |
|
Iskenderun |
12 mm |
574 |
18,500 |
-5 |
-150 |
|
Izmir |
8 mm |
592 |
19,100 |
+2 |
+100 |
|
Izmir |
10 mm |
586 |
18,900 |
+3 |
+100 |
|
Izmir |
12 mm |
574 |
18,500 |
+3 |
+100 |
|
Karabuk |
8 mm |
599 |
19,300 |
+3 |
+100 |
|
Karabuk |
12 mm |
580 |
18,700 |
+3 |
+100 |
All prices are ex-warehouse and on actual weight basis. Prices on Turkish lira basis include 20 percent VAT, while prices on US dollar basis exclude VAT.
$1 = TRY 26.87