Today, August 22, Turkish domestic rebar spot prices have increased by TRY 100-200/mt ($4-9/mt) compared to the end of last week, against the backdrop of the currency fluctuations and producers’ firm stance in their official rebar pricing. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 13,500-13,900/mt or $631-650/mt ex-warehouse, depending on the region.
Most Marmara and Izmir-based mills are offering their official rebar prices at $660-670/mt ex-works. According to sources, a few mills are applying agressive pricing policy and giving special discounts for serious buyers. Some local traders are pessimistic regarding the rebar spot prices for the rest of the week amid the negative sentiment in the scrap segment.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
19.08.2022 |
19.08.2022 |
||||
|
Marmara |
8 mm |
659 |
14,100 |
+9 |
+200 |
|
Marmara |
12 mm |
650 |
13,900 |
+9 |
+200 |
|
Iskenderun |
8 mm |
654 |
14,000 |
+4 |
+100 |
|
Iskenderun |
10 mm |
650 |
13,900 |
+4 |
+100 |
|
Iskenderun |
12 mm |
645 |
13,800 |
+4 |
+100 |
|
Izmir |
8 mm |
640 |
13,700 |
+4 |
+100 |
|
Izmir |
10 mm |
636 |
13,600 |
+4 |
+100 |
|
Izmir |
12 mm |
631 |
13,500 |
+4 |
+100 |
|
Karabuk |
8 mm |
645 |
13,800 |
+4 |
+100 |
|
Karabuk |
12 mm |
636 |
13,600 |
+4 |
+100 |
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 18.13