Today, August 18, Turkish domestic rebar spot prices have mainly fallen by TRY 30-50/mt ($9-11/mt), while only in the Marmara region have rebar spot prices remained unchanged in liras while down by $6/mt on US dollar basis. The key reason is the aggressive pricing policy of Icdas A.S. and Kardemir seen today amid the backdrop of currency fluctuations and lower scrap prices. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,700-6,800/mt or $669-679/mt ex-warehouse, depending on the region.
In the Marmara region, most producers are offering rebar at $675-680/mt ex-works today.
One Izmir-based mill is currently offering rebar at $665/mt ex-works today.
In the Samsun region, Yesilyurt Metallurgy opened its rebar sales at TRY 6,850/mt ($684/mt) ex-works today, down by TRY 50/mt($11/mt) today, and then closed its rebar sales until the afternoon of Monday, August 23.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
17.08.2021 |
17.08.2021 |
||||
|
Marmara |
8 mm |
681 |
6,820 |
-6 |
0 |
|
Marmara |
12 mm |
679 |
6,800 |
-6 |
0 |
|
Iskenderun |
8 mm |
672 |
6,730 |
-11 |
-50 |
|
Iskenderun |
10 mm |
670 |
6,715 |
-12 |
-50 |
|
Iskenderun |
12 mm |
669 |
6,700 |
-11 |
-50 |
|
Izmir |
8 mm |
671 |
6,720 |
-11 |
-50 |
|
Izmir |
10 mm |
670 |
6,710 |
-11 |
-50 |
|
Izmir |
12 mm |
669 |
6,700 |
-11 |
-50 |
|
Karabuk |
8 mm |
673 |
6,740 |
-9 |
-30 |
|
Karabuk |
12 mm |
671 |
6,720 |
-9 |
-30 |
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