Today, March 29, rebar spot prices in Turkey have risen by TRY 230-270/mt ($10-14/mt), as compared to Thursday, March 25. The key factor is the unstable exchange rate and the positive sentiment in the import scrap segment. The exchange rate was at $1 = TRY 8.09 this morning, while it stands at $1 = TRY 8.20 for now. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,770-5,850/mt or $596-605/mt ex-warehouse, depending on the region.
Icdas has kept its rebar price at $620/mt ex-works at the current exchange rate, stable on US dollar basis. Most mills in the Marmara and Izmir regions are currently offering rebar list prices at $620-630/mt ex-works.
In the Iskenderun region, one re-roller has opened its rebar sales at $610/mt ex-warehouse at the current exchange rate.
In the Samsun region, Yesilyurt A.S. has opened its rebar sales at $620/mt ex-works at the current exchange rate.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
25.03.2021 |
25.03.2021 |
||||
|
Marmara |
8 mm |
607 |
5,870 |
+10 |
+230 |
|
Marmara |
12 mm |
605 |
5,850 |
+10 |
+230 |
|
Iskenderun |
8 mm |
599 |
5,800 |
+11 |
+250 |
|
Iskenderun |
10 mm |
598 |
5,785 |
+12 |
+250 |
|
Iskenderun |
12 mm |
596 |
5,770 |
+11 |
+250 |
|
Izmir |
8 mm |
604 |
5,840 |
+14 |
+270 |
|
Izmir |
10 mm |
603 |
5,830 |
+14 |
+270 |
|
Izmir |
12 mm |
601 |
5,820 |
+13 |
+270 |
|
Karabuk |
8 mm |
598 |
5,790 |
+10 |
+240 |
|
Karabuk |
12 mm |
596 |
5,770 |
+10 |
+240 |
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 8.20