Turkish domestic rebar spot prices rise in local currency as week ends

Friday, 06 November 2020 17:00:44 (GMT+3)   |   Istanbul
       

Today, November 6, Turkish domestic rebar spot prices have increased by TRY 20-50/mt, down $2-5/mt on US dollar basis, amid currency fluctuations. Accordingly, 12 mm spot rebar prices have settled within the range of TRY 4,570-4,650/mt ($452-460/mt) ex-warehouse, depending on the region.

Today, İçdaş is offering its rebar price at TRY 4,630/mt ($458/mt) ex-works, while its dollar-based price is down $2/mt by the time of publication.

In the Iskenderun region, Bastug A.S. closed rebar its rebar sales in the afternoon today.

Turkish mills are expected to revise their rebar prices in line with the positive sentiment in the import scrap segment early next week.

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)

5.11.2020

5.11.2020

Marmara

8 mm

462

4,670

-5

+20

Marmara

12 mm

460

4,650

-5

+20

Iskenderun

8 mm

455

4,600

-5

+20

Iskenderun

10 mm

454

4,585

-4

+20

Iskenderun

12 mm

452

4,570

-5

+20

Izmir

8 mm

455

4,600

-2

+50

Izmir

10 mm

454

4,590

-2

+50

Izmir

12 mm

453

4,580

-2

+50

Karabuk

8 mm

459

4,640

-5

+20

Karabuk

12 mm

457

4,620

-5

+20

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 8.56


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