Turkish domestic rebar spot prices revised to offset currency fluctuations

Monday, 09 May 2022 17:18:49 (GMT+3)   |   Istanbul
       

Today, May 9, Turkish domestic rebar spot prices have increased by TRY 200-300/mt with small changes on US dollar basis, as compared to Friday, April 29, to offset currency fluctuations after the holiday period. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 14,800-15,200/mt or $831-854/mt ex-warehouse, depending on the region.

Most mills in the Izmir and Marmara regions are offering rebar at $860-870/mt ex-works, while additional discounts are applicable for serious buyers. According to sources, a few mills are applying an aggressive pricing policy and giving large discounts in order to bring prices in line with local traders’ rebar prices.

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)

29.04.2022

29.04.2022

Marmara

8 mm

865

15,400

-2

+200

Marmara

12 mm

854

15,200

-1

+200

Iskenderun

8 mm

842

15,000

-2

+200

Iskenderun

10 mm

837

14,900

-1

+200

Iskenderun

12 mm

831

14,800

-2

+200

Izmir

8 mm

859

15,300

-2

+200

Izmir

10 mm

854

15,200

-1

+200

Izmir

12 mm

848

15,100

-2

+200

Karabuk

8 mm

859

15,300

+4

+300

Karabuk

12 mm

848

15,100

+4

+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 15.09


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