Turkish domestic rebar spot prices increase further

Thursday, 08 April 2021 16:52:28 (GMT+3)   |   Istanbul
       

Today, April 8, rebar spot prices in Turkey have risen by TRY 20-40/mt ($4-7/mt) amid currency fluctuations and costlier scrap. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,900-5,970/mt or $613-621/mt ex-warehouse, depending on the region.

Icdas has kept its rebar price at $620/mt ex-works at the current exchange rate. Moreover, most mills in the Marmara region are currently offering rebar list prices at $635/mt ex-works, up by $5/mt on US dollar basis today.

Most Izmir-based mills are currently offering rebar at $625-630/mt ex-works.

In the Karabuk region, Yolbulan A.S. has opened its rebar sales today at TRY 5,970/mt ($621/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)

7.04.2021

7.04.2021

Marmara

8 mm

623

5,990

+6

+30

Marmara

12 mm

621

5,970

+6

+30

Iskenderun

8 mm

617

5,930

+5

+20

Iskenderun

10 mm

615

5,915

+4

+20

Iskenderun

12 mm

613

5,900

+4

+20

Izmir

8 mm

621

5,970

+7

+40

Izmir

10 mm

620

5,960

+7

+40

Izmir

12 mm

619

5,950

+7

+40

Karabuk

8 mm

619

5,950

+6

+30

Karabuk

12 mm

617

5,930

+6

+30

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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