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