Today, June 21, Turkish domestic rebar spot prices have risen in local currency by TRY 70-140/mt, while falling by $3-8/mt on US dollar basis, amid currency fluctuations and the lack of clarity in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,350-7,420/mt or $709-716/mt ex-warehouse, depending on the region.
Icdas has kept its rebar price at $730/mt ex-works at the current exchange rate, up by TRY 95/mt since the end of last week, while the other suppliers are currently offering rebar at $740-750/mt ex-works. Special discounts are applicable due to the rapid currency fluctuations in the country.
According to sources, most Izmir-based mills are offering rebar at $715-720/mt ex-works at the current exchange rate today.
In the Karabuk region, Yolbulan A.S. has raised its rebar price by TRY 100/mt to TRY 7,450/mt today, equal to $719/mt ex-works on US dollar basis at the current exchange rate.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
17.06.2021 |
17.06.2021 |
||||
|
Marmara |
8 mm |
718 |
7,440 |
-8 |
+70 |
|
Marmara |
12 mm |
716 |
7,420 |
-8 |
+70 |
|
Iskenderun |
8 mm |
712 |
7,380 |
-5 |
+120 |
|
Iskenderun |
10 mm |
711 |
7,365 |
-4 |
+120 |
|
Iskenderun |
12 mm |
709 |
7,350 |
-5 |
+120 |
|
Izmir |
8 mm |
711 |
7,370 |
-8 |
+100 |
|
Izmir |
10 mm |
710 |
7,360 |
-8 |
+100 |
|
Izmir |
12 mm |
709 |
7,350 |
-8 |
+100 |
|
Karabuk |
8 mm |
713 |
7,390 |
-3 |
+140 |
|
Karabuk |
12 mm |
711 |
7,370 |
-3 |
+140 |
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 8.78