Turkish domestic rebar spot prices rise further in local currency

Friday, 05 March 2021 17:45:13 (GMT+3)   |   Istanbul
       

Today, March 5, spot prices in the Turkish domestic rebar market have increased by TRY 10-50/mt amid stronger scrap prices and rapid currency fluctuations during the day, with minor changes on US dollar basis. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,630-5,700/mt or $636-644/mt ex-warehouse, depending on the region.

Icdas has increased its rebar price in the local currency by TRY 60/mt to TRY 5,690/mt ($643/mt) today. The producer’s rebar price is up by $3/mt on US dollar basis compared to earlier this morning. One Marmara-based mill is currently offering rebar at TRY 5,800/mt ($655/mt) ex-works.

One mill in the Izmir region is offering rebar at TRY 5,710/mt ($645/mt) ex-works.

In the Samsun region, Yesilyurt A.S. has kept its rebar sales today at TRY 5,750/mt ($650/mt) ex-works, down by $4/mt on US dollar basis, while in the Karabuk region Yolbulan A.S. has closed its rebar sales 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)

4.03.2021

4.03.2021

Marmara

8 mm

646

5,720

+1

+50

Marmara

12 mm

644

5,700

+1

+50

Iskenderun

8 mm

641

5,670

-3

+10

Iskenderun

10 mm

639

5,655

-3

+10

Iskenderun

12 mm

637

5,640

-3

+10

Izmir

8 mm

638

5,650

-4

+10

Izmir

10 mm

637

5,640

-3

+10

Izmir

12 mm

636

5,630

-3

+10

Karabuk

8 mm

641

5,670

-1

+30

Karabuk

12 mm

638

5,650

-1

+30

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 7.50


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