Turkish domestic rebar spot prices rise further in local currency

Tuesday, 11 May 2021 17:34:24 (GMT+3)   |   Istanbul
       

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


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