Today, October 25, Turkish domestic rebar spot prices have increased by TRY 100/mt ($5-8/mt) following Icdas’s recent rebar price hike, against a backdrop of currency fluctuations and the upward trend in the local scrap segment. The exchange rate was at $1 = TRY 9.60 by the end of last week. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 8,580-8,600/mt or $756-758/mt ex-warehouse, depending on the region.
Icdas A.S. has increased its rebar price by $10/mt to $750/mt ex-works compared to the end of last week. Most Marmara and Izmir-based mills are offering rebar at $740-750/mt ex-works today.
In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 8,650/mt ($762/mt) ex-works.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
22.10.2021 |
22.10.2021 |
||||
|
Marmara |
8 mm |
759 |
8,620 |
+7 |
+100 |
|
Marmara |
12 mm |
758 |
8,600 |
+8 |
+100 |
|
Iskenderun |
8 mm |
758 |
8,610 |
+5 |
+100 |
|
Iskenderun |
10 mm |
757 |
8,595 |
+5 |
+100 |
|
Iskenderun |
12 mm |
756 |
8,580 |
+7 |
+100 |
|
Izmir |
8 mm |
759 |
8,620 |
+7 |
+100 |
|
Izmir |
10 mm |
758 |
8,610 |
+7 |
+100 |
|
Izmir |
12 mm |
758 |
8,600 |
+8 |
+100 |
|
Karabuk |
8 mm |
759 |
8,620 |
+7 |
+100 |
|
Karabuk |
12 mm |
758 |
8,600 |
+8 |
+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 9.62