Today, January 27, Turkish domestic rebar spot prices have mostly increased by TRY 150-250/mt ($5-12/mt) amid currency fluctuations and tighter supply. Only in the Marmara region, rebar spot prices have remained unchanged on Turkish lira basis, while falling by $4/mt in the dollar-based prices. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 11,200-11,300/mt or $696-703/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions are currently offering rebar at $700-710/mt ex-works, including Icdas A.S. In addition, around 10,000 mt or 18,000 mt of rebar were traded at $700/mt ex-works in the Izmir region, SteelOrbis has heard.
In the Iskenderun region, Bastug Metallurgy has opened its rebar sales at TRY 11,400/mt ($709/mt) ex-works today. Moreover, one re-roller in the region opened its rebar sales at TRY 11,300/mt ($703/mt) ex-warehouse earlier today and closed them in the afternoon. Demand is somewhat better against the backdrop of the positive sentiment in the import scrap market.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
26.01.2022 |
26.01.2022 |
||||
|
Marmara |
8 mm |
715 |
11,500 |
-4 |
0 |
|
Marmara |
12 mm |
703 |
11,300 |
-4 |
0 |
|
Iskenderun |
8 mm |
709 |
11,400 |
+12 |
+250 |
|
Iskenderun |
10 mm |
703 |
11,300 |
+12 |
+250 |
|
Iskenderun |
12 mm |
696 |
11,200 |
+11 |
+250 |
|
Izmir |
8 mm |
712 |
11,450 |
+5 |
+150 |
|
Izmir |
10 mm |
706 |
11,350 |
+6 |
+150 |
|
Izmir |
12 mm |
699 |
11,250 |
+5 |
+150 |
|
Karabuk |
8 mm |
709 |
11,400 |
+5 |
+150 |
|
Karabuk |
12 mm |
696 |
11,200 |
+5 |
+150 |
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 13.63