Today, August 11, Turkish domestic rebar spot prices have mostly remained stable in the local currency with minor changes on US dollar basis, while falling by TRY 100/mt ($4-5/mt) in the Iskenderun region in order to offset currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have remained unchanged at TRY 13,600-14,000/mt or $642-661/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions are offering official rebar prices at $660-670/mt ex-works, while additional discounts are available for serious buyers.
Most local traders are monitoring the rebar export segment and the import scrap price trend before restocking.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
10.08.2022 |
10.08.2022 |
||||
|
Marmara |
8 mm |
671 |
14,200 |
+1 |
0 |
|
Marmara |
12 mm |
661 |
14,000 |
0 |
0 |
|
Iskenderun |
8 mm |
666 |
14,100 |
-4 |
-100 |
|
Iskenderun |
10 mm |
661 |
14,000 |
-5 |
-100 |
|
Iskenderun |
12 mm |
657 |
13,900 |
-4 |
-100 |
|
Izmir |
8 mm |
652 |
13,800 |
0 |
0 |
|
Izmir |
10 mm |
647 |
13,700 |
0 |
0 |
|
Izmir |
12 mm |
642 |
13,600 |
0 |
0 |
|
Karabuk |
8 mm |
661 |
14,000 |
0 |
0 |
|
Karabuk |
12 mm |
652 |
13,800 |
0 |
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 17.94