Today, October 27, Turkish domestic rebar spot prices have mostly decreased by another TRY 10-30/mt ($4-6/mt) amid the silence on the demand side against the backdrop of currency fluctuations, while only rising by TRY 30/mt in the Karabuk region. The exchange rate was at $1 = TRY 9.48 yesterday. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 8,350-8,400/mt or $743-748/mt ex-warehouse, depending on the region.
In the Marmara region, official rebar prices are still available at $750/mt ex-works, while sources report around 1,500 mt of rebar lot were traded in this region yesterday. Moreover, a discount of up to $10/mt is applicable in the Izmir region. The local Turkish market is expected to gain more clarity after the October 29 Republic Day holiday.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
26.10.2021 |
26.10.2021 |
||||
|
Marmara |
8 mm |
745 |
8,370 |
-6 |
-30 |
|
Marmara |
12 mm |
743 |
8,350 |
-6 |
-30 |
|
Iskenderun |
8 mm |
748 |
8,400 |
-4 |
-10 |
|
Iskenderun |
10 mm |
746 |
8,385 |
-4 |
-10 |
|
Iskenderun |
12 mm |
745 |
8,370 |
-4 |
-10 |
|
Izmir |
8 mm |
748 |
8,400 |
-5 |
-20 |
|
Izmir |
10 mm |
747 |
8,390 |
-5 |
-20 |
|
Izmir |
12 mm |
746 |
8,380 |
-5 |
-20 |
|
Karabuk |
8 mm |
750 |
8,420 |
0 |
+30 |
|
Karabuk |
12 mm |
748 |
8,400 |
0 |
+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 9.52