Today, November 17, Turkish domestic rebar spot prices have risen by another TRY 200-250/mt over the day, with minor changes in US dollar basis amid the currency fluctuations as the exchange rate recently hit $1 = TRY 10.48. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 9,050-9,200/mt or $732-744/mt ex-warehouse, depending on the region.
The general official rebar price is available at $750/mt ex-works, including Icdas A.S. today. Most local traders are refraining from new purchases to monitor the exchange rate trend after Turkish Central Bank’s interest rate decision due tomorrow.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
16.11.2021 |
16.11.2021 |
||||
|
Marmara |
8 mm |
746 |
9,220 |
+3 |
+250 |
|
Marmara |
12 mm |
744 |
9,200 |
+3 |
+250 |
|
Iskenderun |
8 mm |
734 |
9,080 |
-2 |
+200 |
|
Iskenderun |
10 mm |
733 |
9,065 |
-1 |
+200 |
|
Iskenderun |
12 mm |
732 |
9,050 |
-1 |
+200 |
|
Izmir |
8 mm |
746 |
9,220 |
+3 |
+250 |
|
Izmir |
10 mm |
745 |
9,210 |
+3 |
+250 |
|
Izmir |
12 mm |
744 |
9,200 |
+3 |
+250 |
|
Karabuk |
8 mm |
742 |
9,170 |
-1 |
+200 |
|
Karabuk |
12 mm |
740 |
9,150 |
-1 |
+200 |
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 10.48