Turkish domestic rebar spot prices rise in local currency

Thursday, 29 April 2021 17:18:03 (GMT+3)   |   Istanbul
       

Today, April 29, Turkish domestic rebar prices have risen by TRY 20-50/mt with minor changes on US dollar basis, amid currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,050-6,120/mt or $621-629/mt ex-warehouse, depending on the region.

Most mills in the Marmara and Izmir regions started to quote at $630/mt ex-works at the current exhange rate today. One Izmir-based mill closed its rebar sales in the afternoon. Some local traders believe that local rebar prices may gain momentum amid recent rebar export sales and positive sentiment in the import scrap segment.

In the Samsun region, Yesilyurt A.S. has closed its rebar sales until May 25 today given its mostly filled export order books. In the Karabuk region, Yolbulan A.S. has also 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)

28.04.2021

28.04.2021

Marmara

8 mm

631

6,140

-1

+20

Marmara

12 mm

629

6,120

-1

+20

Iskenderun

8 mm

625

6,080

+2

+50

Iskenderun

10 mm

623

6,065

+1

+50

Iskenderun

12 mm

621

6,050

+1

+50

Izmir

8 mm

627

6,100

0

+30

Izmir

10 mm

626

6,090

0

+30

Izmir

12 mm

625

6,080

0

+30

Karabuk

8 mm

629

6,120

0

+30

Karabuk

12 mm

627

6,100

0

+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 8.25


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