Today, January 6, spot prices in the local Turkish rebar market have decreased by TRY 20-50/mt on lira basis except for the Karabuk region, with minor changes on US dollar basis amid currency fluctuations, as compared to Monday, January 4. As of today, 12 mm rebar spot prices in Turkey have settled at TRY 5,450,-5,580/mt or $629-644/mt ex-warehouse depending on the region.
Most Marmara-based mills are currently offering rebar at TRY 5,610-5,715/mt ($648-660/mt) ex-works, down by TRY 25/mt on the higher end, up by $3/mt on the lower end.
In the Izmir region, most mills are currently offering rebar at TRY 5,545-5,585 /mt ($640-645/mt) ex-works, down by TRY 20-25/mt in the local currency and stable on US dollar basis over the same period. Sources report that one mill in this region has closed its rebar sales after trading approximately 20,000-30,000 mt of rebar at TRY 5,545/mt ($640/mt) ex-works today.
However, some local rebar buyers are in wait-and-see mode in order to gain a better understanding of the market situation and the price prospects in the import scrap segment.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
4.01.2021 |
4.01.2021 |
||||
Marmara |
8 mm |
647 |
5,600 |
+1 |
-20 |
Marmara |
12 mm |
644 |
5,580 |
0 |
-20 |
Iskenderun |
8 mm |
633 |
5,480 |
-3 |
-50 |
Iskenderun |
10 mm |
631 |
5,465 |
-3 |
-50 |
Iskenderun |
12 mm |
629 |
5,450 |
-3 |
-50 |
Izmir |
8 mm |
642 |
5,560 |
0 |
-20 |
Izmir |
10 mm |
641 |
5,550 |
+1 |
-20 |
Izmir |
12 mm |
640 |
5,540 |
+1 |
-20 |
Karabuk |
8 mm |
647 |
5,600 |
+3 |
0 |
Karabuk |
12 mm |
644 |
5,580 |
+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 7.34