Today, May 4, Turkish domestic rebar spot prices have increased by TRY 30-60/mt ($1-4/mt), amid stronger scrap prices and Turkish mills’ attempts to increase their local rebar prices further. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,550-6,630/mt or $666-675/mt ex-warehouse, depending on the region.
Most Marmara-based mills are currently offering rebar today at $670-685/mt ex-works at the current exchange rate.
Most Izmir-based mills are currently offering rebar at $675-680/mt ex-works at the current exchange rate, while Izmir Demir Celik (IDC) closed its rebar sales in the afternoon. In addition, Izmir Demir celik(IDC) has revised its additional cost extras for 8 mm and 10 mm sizes to TRY 85/mt and TRY 60/mt, respectively, valid from Monday, May 3, up by TRY 10/mt compared to its previous pricing.
In the Iskenderun region, Bastug Metallurgy closed its rebar sales today.
In the Karabuk region Yolbulan A.S. has opened its rebar sales at TRY 6,700/mt ($682/mt) ex-works today.
According to sources, Kardemir is expected to open its rebar and wire rod sales soon.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
3.05.2021 |
3.05.2021 |
||||
|
Marmara |
8 mm |
677 |
6,650 |
+2 |
+30 |
|
Marmara |
12 mm |
675 |
6,630 |
+2 |
+30 |
|
Iskenderun |
8 mm |
669 |
6,580 |
+1 |
+30 |
|
Iskenderun |
10 mm |
668 |
6,565 |
+2 |
+30 |
|
Iskenderun |
12 mm |
666 |
6,550 |
+1 |
+30 |
|
Izmir |
8 mm |
668 |
6,570 |
+3 |
+50 |
|
Izmir |
10 mm |
667 |
6,560 |
+3 |
+50 |
|
Izmir |
12 mm |
666 |
6,550 |
+3 |
+50 |
|
Karabuk |
8 mm |
673 |
6,620 |
+4 |
+60 |
|
Karabuk |
12 mm |
671 |
6,600 |
+4 |
+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 8.33