Turkish domestic rebar spot prices increase again

Today, October 13, Turkish domestic rebar spot prices have increased by another TRY 100-200/mt ($4-14/mt), against the backdrop of currency fluctuations and producers’ higher rebar prices. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 7,750-7,800/mt or $723-728/mt ex-warehouse, depending on the region.

Icdas has increased its rebar price by $15/mt to $715/mt ex-works today, while the other mills in the Marmara region have started quoting $725-735/mt ex-works, with slightly higher levels also available on the same day.

In the Izmir region, the general rebar price level is currently standing at $710-720/mt ex-works, while sources report that a sale of around 15,000 mt of rebar was concluded at $705/mt ex-works and around 5,000-10,000 mt of rebar were traded at $710/mt ex-works in the region earlier today.

In the Iskenderun region, one mill is offering rebar at TRY 7,900/mt ($737/mt) ex-works for mid-November delivery and one re-roller was offering rebar at TRY 8,000/mt ($747/mt) ex-warehouse for 8-10 mm sizes. Iskenderun-based local traders have increased their rebar spot prices amid the limited supply and size availability in the region.

In the Samsun region, Yesilyurt Metallurgy has closed its rebar sales until Friday,October 22.

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 9.08