Today, May 17, Turkish domestic rebar spot prices have increased by TRY 130-200/mt ($9-16/mt) compared to Tuesday May 11, amid currency fluctuations and the positive sentiment in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,270-7,330/mt or $736-742/mt ex-warehouse, depending on the region.
Icdas A.S. has increased its rebar price by $10/mt over the past week to $740/mt ex-works at the current exchange rate. In addition, most Marmara-based mills are offering rebar at $755-760/mt ex-works at the current exchange rate.
In the Izmir region, most mills are offering rebar at $740-750/mt ex-works today.
In the Iskenderun region, Bastug Metallurgy opened its rebar sales at TRY 7,400/mt ($749/mt) ex-works early this morning and closed them in the afternoon. Moreover, one re-roller in this region has opened its rebar sales at TRY 7,390/mt ($748/mt) ex-warehouse.
In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 7,350/mt ($744/mt) ex-works.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
11.05.2021 |
11.05.2021 |
||||
|
Marmara |
8 mm |
744 |
7,350 |
+12 |
+160 |
|
Marmara |
12 mm |
742 |
7,330 |
+12 |
+160 |
|
Iskenderun |
8 mm |
742 |
7,330 |
+14 |
+180 |
|
Iskenderun |
10 mm |
741 |
7,315 |
+14 |
+180 |
|
Iskenderun |
12 mm |
739 |
7,300 |
+14 |
+180 |
|
Izmir |
8 mm |
738 |
7,290 |
+16 |
+200 |
|
Izmir |
10 mm |
737 |
7,280 |
+16 |
+200 |
|
Izmir |
12 mm |
736 |
7,270 |
+16 |
+200 |
|
Karabuk |
8 mm |
739 |
7,300 |
+9 |
+130 |
|
Karabuk |
12 mm |
737 |
7,280 |
+9 |
+130 |
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 8.37