Today, May 7, Turkish domestic rebar spot prices have increased by TRY 40-70/mt ($11-14/mt), amid stronger scrap prices. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,850-6,900/mt or $703-708/mt ex-warehouse, depending on the region.
Local rebar demand is silent as Ramadan continues. Most buyers are in wait-and-see mode.
Icdas has kept its rebar price at $700/mt ex-works today at the current exchange rate. Moreover, most Marmara-based mills are currently offering rebar at $710-715/mt ex-works.
Most Izmir-based mills are offering rebar at $700/mt ex-works.
In the Iskenderun region, Bastug Metallurgy closed its rebar sales earlier today and then opened its rebar sales at TRY 7,000/mt ($718/mt) ex-works, up by TRY 120/mt ($19/mt) on the day.
In the Karabuk region Yolbulan A.S.’s rebar sales are still closed.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
6.05.2021 |
6.05.2021 |
||||
|
Marmara |
8 mm |
710 |
6,920 |
+12 |
+50 |
|
Marmara |
12 mm |
708 |
6,900 |
+12 |
+50 |
|
Iskenderun |
8 mm |
708 |
6,900 |
+14 |
+70 |
|
Iskenderun |
10 mm |
706 |
6,885 |
+14 |
+70 |
|
Iskenderun |
12 mm |
705 |
6,870 |
+14 |
+70 |
|
Izmir |
8 mm |
705 |
6,870 |
+14 |
+70 |
|
Izmir |
10 mm |
704 |
6,860 |
+14 |
+70 |
|
Izmir |
12 mm |
703 |
6,850 |
+14 |
+70 |
|
Karabuk |
8 mm |
706 |
6,880 |
+11 |
+40 |
|
Karabuk |
12 mm |
704 |
6,860 |
+11 |
+40 |
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 8.26