Today, November 10, Turkish domestic rebar spot prices have risen by TRY 40-130/mt with minor changes on US dollar basis since the beginning of this week, against the backdrop of currency fluctuations and relatively stable prices in the import scrap price. Local traders in the Iskenderun region have been issuing aggressive prices to generate sales. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 8,490-8,650/mt or $732-746/mt ex-warehouse, depending on the region.
Most Marmara and Izmir-based mills are currently offering rebar at $745-750/mt ex-works, including Icdas A.S. Demand is sluggish for now.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
8.11.2021 |
8.11.2021 |
||||
|
Marmara |
8 mm |
746 |
8,650 |
0 |
+80 |
|
Marmara |
12 mm |
744 |
8,630 |
0 |
+80 |
|
Iskenderun |
8 mm |
735 |
8,520 |
-3 |
+40 |
|
Iskenderun |
10 mm |
733 |
8,505 |
-4 |
+40 |
|
Iskenderun |
12 mm |
732 |
8,490 |
-3 |
+40 |
|
Izmir |
8 mm |
747 |
8,670 |
+4 |
+130 |
|
Izmir |
10 mm |
747 |
8,660 |
+5 |
+130 |
|
Izmir |
12 mm |
746 |
8,650 |
+5 |
+130 |
|
Karabuk |
8 mm |
745 |
8,640 |
-1 |
+70 |
|
Karabuk |
12 mm |
743 |
8,620 |
-1 |
+70 |
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 9.83