Turkish domestic rebar spot prices increase on lira basis

Monday, 08 November 2021 17:31:00 (GMT+3)   |   Istanbul
       

Today, November 8, Turkish domestic rebar spot prices have increased by TRY 20-50/mt with minor changes on US dollar basis from the end of last week, amid currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 8,450-8,550/mt or $735-744/mt ex-warehouse, depending on the region.

Icdas has kept its official rebar price at $750/mt ex-works, while most Marmara-based mills are currently offering rebar at $745/mt ex-works.

In the Izmir region, the general rebar price range varies at $740-750/mt ex-works.

In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 8,580/mt ex-works today, equal to $747/mt at the current exchange rate. “The local rebar market has made a quiet start on the demand side,” one source is mentioned.

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)

5.11.2021

5.11.2021

Marmara

8 mm

746

8,570

+1

+50

Marmara

12 mm

744

8,550

+1

+50

Iskenderun

8 mm

738

8,480

+1

+50

Iskenderun

10 mm

737

8,465

+1

+50

Iskenderun

12 mm

735

8,450

0

+50

Izmir

8 mm

743

8,540

-2

+20

Izmir

10 mm

742

8,530

-2

+20

Izmir

12 mm

741

8,520

-2

+20

Karabuk

8 mm

746

8,570

-2

+20

Karabuk

12 mm

744

8,550

-2

+20

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 9.74


Tags: Rebar Longs Turkey Europe 

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