Today, March 9, Turkish domestic rebar spot prices have increased by TRY 300-600/mt ($6-24/mt) against the backdrop of currency fluctuations and following Turkish mills’ rapid rebar price hikes. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 16,000-16,250/mt or $924-938/mt ex-warehouse, depending on the region.
Icdas A.S. has increased its rebar price by another $20/mt to $940/mt ex-works today. One mill in the Marmara region has set its rebar price at $950/mt ex-works. One Izmir-based mill announced its rebar price earlier today at $920/mt ex-works and then increased its price by $20/mt to $940/mt ex-works in the afternoon. According to sources, small tonnages of rebar were traded at $900/mt ex-works in the Izmir region, but the final tonnage has not been confirmed by the time of publication.
In the Iskenderun region, one-re-roller opened its rebar sales at TRY 16,500/mt ($953/mt) ex-warehouse earlier today.
In the Karabuk region, Yolbulan A.S. opened its rebar sales at TRY 16,300/mt ($941/mt) ex-works today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
8.03.2022 |
8.03.2022 |
||||
|
Marmara |
8 mm |
950 |
16,450 |
+6 |
+350 |
|
Marmara |
12 mm |
938 |
16,250 |
+6 |
+350 |
|
Iskenderun |
8 mm |
935 |
16,200 |
+6 |
+300 |
|
Iskenderun |
10 mm |
929 |
16,100 |
+6 |
+300 |
|
Iskenderun |
12 mm |
924 |
16,000 |
+6 |
+300 |
|
Izmir |
8 mm |
935 |
16,200 |
+23 |
+600 |
|
Izmir |
10 mm |
929 |
16,100 |
+23 |
+600 |
|
Izmir |
12 mm |
924 |
16,000 |
+24 |
+600 |
|
Karabuk |
8 mm |
935 |
16,200 |
+12 |
+400 |
|
Karabuk |
12 mm |
924 |
16,000 |
+12 |
+400 |
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 14.68