Today, October 14, Turkish domestic rebar spot prices have risen by TRY 200-350/mt ($11-25/mt), against the backdrop of rapid currency fluctuations and producers’ higher rebar prices. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 7,950-8,100/mt or $734-748/mt ex-warehouse, depending on the region.
Icdas has increased its rebar price by another $5/mt to $720/mt ex-works today, while the other mills in the Marmara region have started quoting official rebar prices at $735-750/mt ex-works on the same day. Sources report that 1,000 mt of rebar has been traded at $740/mt ex-works for November delivery lately.
In the Izmir region, sources report that a small-tonnage rebar lot was traded at $715/mt ex-works earlier today.
In the Iskenderun region, one re-roller is offering rebar at TRY 8,100/mt ($748/mt) ex-warehouse today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
13.10.2021 |
13.10.2021 |
||||
|
Marmara |
8 mm |
739 |
8,000 |
+14 |
+230 |
|
Marmara |
12 mm |
737 |
7,980 |
+14 |
+230 |
|
Iskenderun |
8 mm |
751 |
8,130 |
+20 |
+300 |
|
Iskenderun |
10 mm |
749 |
8,115 |
+20 |
+300 |
|
Iskenderun |
12 mm |
748 |
8,100 |
+20 |
+300 |
|
Izmir |
8 mm |
736 |
7,970 |
+11 |
+200 |
|
Izmir |
10 mm |
735 |
7,960 |
+11 |
+200 |
|
Izmir |
12 mm |
734 |
7,950 |
+11 |
+200 |
|
Karabuk |
8 mm |
750 |
8,120 |
+25 |
+350 |
|
Karabuk |
12 mm |
748 |
8,100 |
+25 |
+350 |
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 9.18