Turkish domestic rebar spot prices move sideways

Thursday, 30 March 2023 17:42:30 (GMT+3)   |   Istanbul
       

Today, March 30, Turkish domestic rebar spot prices have remained unchanged in the local currency, with minor changes on US dollar basis compared to Tuesday, March 28, amid slow trading activity. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 16,100-16,350/mt or $711-722/mt ex-warehouse, depending on the region.    

Sources report the workable rebar price range varies at $720-730/mt ex-works in the Marmara and Izmir regions. Kardemir succeeded in selling around 25,000 mt of rebar at $724/mt ex-works earlier today. Most local buyers believe that local rebar prices may decrease further amid the negative sentiment in the import scrap and billet segments, so they are maintaining a wait-and-see stance.  

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) 

28.03.2023 

28.03.2023 

Marmara 

8 mm 

731 

16,550 

-3 

Marmara 

12 mm 

722 

16,350 

-3 

Iskenderun 

8 mm 

720 

16,300 

-3 

Iskenderun 

10 mm 

716 

16,200 

-2 

Iskenderun 

12 mm 

711 

16,100 

-3 

Izmir 

8 mm 

720 

16,300 

-3 

Izmir 

10 mm 

716 

16,200 

-2 

Izmir 

12 mm 

711 

16,100 

-3 

Karabuk 

8 mm 

729 

16,500 

-3 

Karabuk 

12 mm 

720 

16,300 

-3 

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 19.18


Tags: Rebar Longs Turkey Europe 

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