Turkish domestic rebar spot prices increase further

Tuesday, 27 October 2020 17:14:48 (GMT+3)   |   Istanbul
       

Today, October 27, Turkish domestic rebar spot prices have increased by TRY 60-90/mt ($3-6/mt) as local mills have been aiming to offset exchange rate fluctuations, while also supported by the positive sentiment in the import scrap segment. Accordingly, 12 mm spot rebar prices have settled within the range of TRY 4,330-4,420/mt ($450-460/mt) ex-warehouse, depending on the region.

Today, İçdaş has hiked its rebar price by TRY 40/mt to TRY 4,410/mt ($459/mt) ex-works.

Most Turkish mills in Izmir and the Marmara region are currently offering rebar at around TRY 4,425-4,470/mt ($460-465/mt) ex-works, up by TRY 30-35/mt and remaining unchanged on US dollar basis.

In the Karabuk region, Yolbulan A.S.  has increased its rebar price by TRY 60/mt ($3/mt) today to TRY 4,400/mt ($458/mt) ex-works.

In the Samsun region, Yesilyurt A.S. has today also increased its rebar price by TRY 60/mt ($3/mt), to TRY 4,430/mt ($461/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)

26.10.2020

26.10.2020

Marmara

8 mm

462

4,440

+6

+90

Marmara

12 mm

460

4,420

+6

+90

Iskenderun

8 mm

453

4,360

+5

+80

Iskenderun

10 mm

452

4,345

+5

+80

Iskenderun

12 mm

450

4,330

+5

+80

Izmir

8 mm

452

4,350

+3

+60

Izmir

10 mm

451

4,340

+3

+60

Izmir

12 mm

450

4,330

+3

+60

Karabuk

8 mm

453

4,360

+3

+60

Karabuk

12 mm

451

4,340

+3

+60

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 8.15

 


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