Today, May 11, Turkish domestic rebar spot prices have risen by TRY 50-90/mt with minor changes on US dollar basis, amid currency fluctuations and stronger scrap prices. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,070-7,170/mt or $720-730/mt ex-warehouse, depending on the region.
Most mills in the Marmara region are currently offering rebar at $730-745/mt ex-works at the current exchange rate, stable on US dollar basis.
Most Izmir-based mills are offering rebar at $730/mt ex-works at the current exchange rate. According to sources, around 20,000 mt of rebar has been traded at $720/mt ex-works in the Izmir region today.
In the Iskenderun region, Bastug Metallurgy closed its rebar sales today.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
10.05.2021 |
10.05.2021 |
||||
Marmara |
8 mm |
732 |
7,190 |
-1 |
+50 |
Marmara |
12 mm |
730 |
7,170 |
0 |
+50 |
Iskenderun |
8 mm |
728 |
7,150 |
+2 |
+70 |
Iskenderun |
10 mm |
727 |
7,135 |
+2 |
+70 |
Iskenderun |
12 mm |
725 |
7,120 |
+2 |
+70 |
Izmir |
8 mm |
722 |
7,090 |
+2 |
+70 |
Izmir |
10 mm |
721 |
7,080 |
+2 |
+70 |
Izmir |
12 mm |
720 |
7,070 |
+2 |
+70 |
Karabuk |
8 mm |
730 |
7,170 |
+4 |
+90 |
Karabuk |
12 mm |
728 |
7,150 |
+4 |
+90 |
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 8.32