Turkish domestic rebar spot prices rise in local currency

Monday, 02 November 2020 17:01:42 (GMT+3)   |   Istanbul
       

Today, November 2, Turkish domestic rebar spot prices have increased by TRY 130-180/mt in the local currency, with minor changes on US dollar basis, as local mills have been aiming to offset exchange rate fluctuations, as compared to Tuesday October 27. Accordingly, 12 mm spot rebar prices have settled within the range of TRY 4,460-4,580/mt ($448-460/mt) ex-warehouse, depending on the region.

Today, İçdaş has hiked its rebar price by TRY 40/mt to TRY 4,560/mt ($458/mt) ex-works compared to end of last week. The producer’s rebar price on US dolllar basis has fallen by $2/mt compared to this morning.

Most Turkish mills in Izmir and the Marmara region are currently offering rebar at around TRY 4,580-4,680/mt ($460-470/mt) ex-works.

In the Iskenderun, Bastug A.S. has increased its rebar price by TRY 30/mt to TRY 4,500/mt ($452/mt) ex-works compared to last Friday.

In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 4,590/mt ($461/mt) ex-works

In the Samsun region, Yesilyurt A.S. has today also raised its rebar price by TRY 40/mt to TRY 4,580/mt ($460/mt) ex-works.

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)

27.10.2020

27.10.2020

Marmara

8 mm

462

4,600

0

+160

Marmara

12 mm

460

4,580

0

+160

Iskenderun

8 mm

453

4,510

0

+150

Iskenderun

10 mm

451

4,495

-1

+150

Iskenderun

12 mm

450

4,480

0

+150

Izmir

8 mm

450

4,480

-2

+130

Izmir

10 mm

449

4,470

-2

+130

Izmir

12 mm

448

4,460

-2

+130

Karabuk

8 mm

456

4,540

+3

+180

Karabuk

12 mm

454

4,520

+3

+180

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 8.44


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