Turkish domestic rebar spot prices move down

Wednesday, 27 July 2022 17:30:36 (GMT+3)   |   Istanbul
       

Today, July 27, Turkish domestic rebar spot prices have decreased by TRY 200-300/mt ($12-17/mt), following Icdas’s today’s rebar price decrease and the negative sentiment in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 12,900-13,300/mt or $609-628/mt ex-warehouse, depending on the region.

Icdas A.S. has cut its official rebar price by $20/mt to $640/mt ex-works today. Also, a few mills in the Marmara region are offering rebar at the same level. Sources report a few mills are still applying aggressive pricing to generate sales, even offering $600-625/mt ex-works in the Marmara and Izmir region.

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)

26.07.2022

26.07.2022

Marmara

8 mm

638

13,500

-12

-200

Marmara

12 mm

628

13,300

-13

-200

Iskenderun

8 mm

624

13,200

-17

-300

Iskenderun

10 mm

619

13,100

-17

-300

Iskenderun

12 mm

614

13,000

-17

-300

Izmir

8 mm

619

13,100

-12

-200

Izmir

10 mm

614

13,000

-12

-200

Izmir

12 mm

609

12,900

-13

-200

Karabuk

8 mm

624

13,200

-17

-300

Karabuk

12 mm

614

13,000

-17

-300

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


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