Today, March 1, Turkish domestic rebar spot prices have increased by TRY 300-550/mt ($12-28/mt) against the backdrop of currency fluctuations and the positive sentiment in the billet sector. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 12,750-13,000/mt or $776-791/mt ex-warehouse, depending on the region.
Icdas A.S. has raised its rebar price by $10/mt to $770/mt ex-works, while one Marmara-based mill has opened its rebar sales at $785 for a limited size range, while another mill in the region was offering at $790/mt earlier today. The producer increased its rebar price by $10/mt to $800/mt ex-works in the afternoon. In the Izmir region, limited supply is still an issue. One Izmir-based mill has closed its rebar sales after opening them at $770/mt ex-works earlier today.
In the Iskenderun region, one re-roller has opened its rebar price at TRY 13,150/mt ($801/mt) ex-warehouse today.
In the Samsun region, Yesilyurt Metallurgy has opened its rebar sales at TRY 13,000/mt ($791/mt) ex-works today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
28.02.2022 |
28.02.2022 |
||||
|
Marmara |
8 mm |
794 |
13,050 |
+15 |
+350 |
|
Marmara |
12 mm |
782 |
12,850 |
+15 |
+350 |
|
Iskenderun |
8 mm |
804 |
13,200 |
+28 |
+550 |
|
Iskenderun |
10 mm |
798 |
13,100 |
+28 |
+550 |
|
Iskenderun |
12 mm |
791 |
13,000 |
+27 |
+550 |
|
Izmir |
8 mm |
785 |
12,900 |
+12 |
+300 |
|
Izmir |
10 mm |
779 |
12,800 |
+12 |
+300 |
|
Izmir |
12 mm |
773 |
12,700 |
+12 |
+300 |
|
Karabuk |
8 mm |
788 |
12,950 |
+15 |
+350 |
|
Karabuk |
12 mm |
776 |
12,750 |
+15 |
+350 |
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 13.92