Today, September 12, Turkish domestic rebar spot prices have mostly decreased by TRY 100-150/mt ($4-7/mt), following Icdas’s price decrease today, while rebar spot prices have only remained stable in the Marmara region. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 14,400-14,650/mt or $669-681/mt ex-warehouse, depending on the region.
Icdas cut its rebar price by $20/mt to $690/mt ex-works today. Most Marmara and Izmir-based mills are offering rebar at $680-690/mt ex-works today.
Most local traders are pessimistic regarding the domestic rebar market when the negative sentiment in the import scrap segment is taken into account.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
9.09.2022 |
9.09.2022 |
||||
|
Marmara |
8 mm |
688 |
14,800 |
0 |
0 |
|
Marmara |
12 mm |
678 |
14,600 |
0 |
0 |
|
Iskenderun |
8 mm |
690 |
14,850 |
-7 |
-150 |
|
Iskenderun |
10 mm |
685 |
14,750 |
-7 |
-150 |
|
Iskenderun |
12 mm |
681 |
14,650 |
-7 |
-150 |
|
Izmir |
8 mm |
678 |
14,600 |
-5 |
-100 |
|
Izmir |
10 mm |
674 |
14,500 |
-4 |
-100 |
|
Izmir |
12 mm |
669 |
14,400 |
-5 |
-100 |
|
Karabuk |
8 mm |
678 |
14,600 |
-5 |
-100 |
|
Karabuk |
12 mm |
669 |
14,400 |
-5 |
-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 18.24