Today, October 22, Turkish domestic rebar spot prices have risen by another TRY 130-150/mt in the local currency, with just minor changes on US dollar basis, amid the ongoing currency fluctuations. The exchange rate was at $1 = TRY 9.44 yesterday. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 8,480-8,500/mt or $749-750/mt ex-warehouse, depending on the region.
Icdas A.S. has closed its lira-based rebar sales today and is only selling rebar at $740/mt on US dollar basis, ex-works. Most mills in the Marmara and Izmir regions have opened their rebar sales at $750/mt ex-works today. Trading activity in the market is silent and most local traders are refraining from new purchases in order to monitor developments in the import scrap segment, while a few local traders are restocking some tonnage to take the advantage of the currency fluctuations.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
21.10.2021 |
21.10.2021 |
||||
|
Marmara |
8 mm |
752 |
8,520 |
+1 |
+150 |
|
Marmara |
12 mm |
750 |
8,500 |
0 |
+150 |
|
Iskenderun |
8 mm |
753 |
8,530 |
+1 |
+130 |
|
Iskenderun |
10 mm |
752 |
8,515 |
+1 |
+130 |
|
Iskenderun |
12 mm |
749 |
8,480 |
-1 |
+130 |
|
Izmir |
8 mm |
752 |
8,520 |
1 |
+150 |
|
Izmir |
10 mm |
751 |
8,510 |
0 |
+150 |
|
Izmir |
12 mm |
750 |
8,500 |
0 |
+150 |
|
Karabuk |
8 mm |
752 |
8,520 |
1 |
+150 |
|
Karabuk |
12 mm |
750 |
8,500 |
0 |
+150 |
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 9.60