Turkish domestic rebar spot prices mostly rise further

Thursday, 07 October 2021 17:26:50 (GMT+3)   |   Istanbul
       

Today, October 7, Turkish domestic rebar spot prices have mainly increased by another TRY 30-50/mt ($5-7/mt), against the backdrop of currency fluctuations and higher scrap prices. Only in the Marmara region have rebar spot prices remained unchanged in the local currency, with minor changes on US dollar basis. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 7,180-7,230/mt or $686-691/mt ex-warehouse, depending on the region.

Most mills in the Marmara and Izmir region is currently offering official rebar prices at $680-690/mt ex-works. According to sources, 3,000 mt of rebar has been traded at $682/mt ex-works in Marmara region today. Local traders are monitoring the import scrap segment and taking their time to make new purchases. Limited availability of rebar sizes due to ongoing rebar export shipments is still an issue.

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)

6.10.2021

6.10.2021

Marmara

8 mm

690

7,220

+3

0

Marmara

12 mm

688

7,200

+2

0

Iskenderun

8 mm

689

7,210

+5

+30

Iskenderun

10 mm

687

7,195

+5

+30

Iskenderun

12 mm

686

7,180

+5

+30

Izmir

8 mm

693

7,250

+7

+50

Izmir

10 mm

692

7,240

+7

+50

Izmir

12 mm

691

7,230

+7

+50

Karabuk

8 mm

693

7,250

+7

+50

Karabuk

12 mm

691

7,230

+7

+50

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 8.87


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