Today, November 9, Turkish domestic rebar spot prices have decreased by TRY 120-160/mt in the local currency, but in reality the US dollar equivalents have increased by $12-16/mt due to the appreciation of the Turkish lira. Accordingly, 12 mm spot rebar prices are currently in the range of TRY 4,450-4,520/mt ($468-475/mt) ex-warehouse, depending on the region.
Today, İçdaş is offering its rebar at TRY 4,425/mt ($465/mt) ex-works at the current exchange rate. Moreover, the producer prefers to conclude sales based on the above dollar price due to the instability of the lira.
Most mills in the Marmara region are currently offering rebar at TRY 4,520/mt ($475/mt) ex-works. The mills in the Izmir region have not quoted any rebar price today.
In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 4,500/mt ($473/mt) ex-works
In the Samsun region, Yesilyurt has opened its rebar sales at TRY 4,570/mt ($481/mt) ex-works.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
6.11.2020 |
6.11.2020 |
||||
|
Marmara |
8 mm |
477 |
4540 |
+15 |
-130 |
|
Marmara |
12 mm |
475 |
4520 |
+15 |
-130 |
|
Iskenderun |
8 mm |
471 |
4480 |
+16 |
-120 |
|
Iskenderun |
10 mm |
469 |
4465 |
+15 |
-120 |
|
Iskenderun |
12 mm |
468 |
4450 |
+16 |
-120 |
|
Izmir |
8 mm |
469 |
4460 |
+14 |
-140 |
|
Izmir |
10 mm |
468 |
4450 |
+14 |
-140 |
|
Izmir |
12 mm |
467 |
4440 |
+14 |
-140 |
|
Karabuk |
8 mm |
471 |
4480 |
+12 |
-160 |
|
Karabuk |
12 mm |
469 |
4460 |
+12 |
-160 |
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. 06