Turkish domestic rebar spot prices mainly move sideways

Monday, 31 May 2021 17:46:27 (GMT+3)   |   Istanbul
       

Today, May 31, Turkish domestic rebar spot prices have only increased by TRY 10/mt in the Marmara region, compared to Thursday, May 27, with minor changes on US dollar basis amid the negative sentiment in the import scrap segment and on the demand side. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,050-7,130/mt or $704-712/mt ex-warehouse, depending on the region.

Icdas has decreased its rebar price by $10/mt to $740/mt ex-works at the current exchange rate, while most mills in the Izmir and Marmara regions have started offering at $730-735/mt ex-works.

In the Karabuk region, Yolbulan A.S. has not opened its rebar sales today.

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)

27.05.2021

27.05.2021

Marmara

8 mm

714

7,150

-1

+10

Marmara

12 mm

712

7,130

-1

+10

Iskenderun

8 mm

707

7,080

-2

0

Iskenderun

10 mm

705

7,065

-3

0

Iskenderun

12 mm

704

7,050

-2

0

Izmir

8 mm

708

7,090

-2

0

Izmir

10 mm

707

7,080

-2

0

Izmir

12 mm

706

7,070

-2

0

Karabuk

8 mm

711

7,120

-2

0

Karabuk

12 mm

709

7,100

-2

0

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 8.49


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