Turkish domestic rebar spot prices move down

Wednesday, 17 August 2022 17:24:37 (GMT+3)   |   Istanbul
       

Today, August 17, Turkish domestic rebar spot prices have decreased by TRY 300/mt ($14-15/mt) compared to Monday, August 15, amid currency fluctuations and pessimistic sentiment in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 13,500-13,800/mt or $637-651/mt ex-warehouse, depending on the region.

Most mills in the Marmara and Izmir regions are attempting to keep their official rebar prices stable at $660-670/mt ex-works, while some local traders are destocking material against the backdrop of slow trading activity and to be on the safe side if local rebar prices might decrease in the short term. The Turkish Central Bank’s interest rate decision due tomorrow is also another important issue for buyers.

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)

15.08.2022

15.08.2022

Marmara

8 mm

660

14,000

-15

-300

Marmara

12 mm

651

13,800

-14

-300

Iskenderun

8 mm

660

14,000

-15

-300

Iskenderun

10 mm

656

13,900

-14

-300

Iskenderun

12 mm

651

13,800

-14

-300

Izmir

8 mm

646

13,700

-15

-300

Izmir

10 mm

641

13,600

-15

-300

Izmir

12 mm

637

13,500

-14

-300

Karabuk

8 mm

651

13,800

-14

-300

Karabuk

12 mm

641

13,600

-15

-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 17.97


Tags: Rebar Longs Turkey Europe 

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