Today, on June 11, Turkish domestic rebar spot prices have increased by TRY 10/mt ($7/mt) in Marmara region, while spot rebar prices in the rest of the country are stable on lira basis, with dollar-based prices up by $6-7/mt today amid currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,150-7,250/mt or $721-731/mt ex-warehouse, depending on the region.
In the Marmara region, the general rebar price range has settled at $720-745/mt ex-works. According to sources, one Marmara-based mill opened its rebar price at $735/mt ex-works early this morning, and raised its dollar-based rebar price by $10/mt to $745/mt ex-works, after selling 1,000 mt of rebar. Another Marmara-based mill has also stopped quoting rebar prices to avoid currency fluctuations risks today.
In the Izmir region, most mills are offering rebar at $730/mt ex-works today.
The local Turkish rebar market is relatively silent as the week ends due to the currency fluctuations seen today. The Turkish lira-US dollar exchange rate was in the range of 8.48-8.59 yesterday. Most local traders are taking their time to purchase additional tonnages for now.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
10.06.2021 |
10.06.2021 |
||||
|
Marmara |
8 mm |
733 |
7,270 |
+7 |
+10 |
|
Marmara |
12 mm |
731 |
7,250 |
+7 |
+10 |
|
Iskenderun |
8 mm |
724 |
7,180 |
+6 |
0 |
|
Iskenderun |
10 mm |
723 |
7,165 |
+7 |
0 |
|
Iskenderun |
12 mm |
721 |
7,150 |
+6 |
0 |
|
Izmir |
8 mm |
723 |
7,170 |
+6 |
0 |
|
Izmir |
10 mm |
722 |
7,160 |
+6 |
0 |
|
Izmir |
12 mm |
721 |
7,150 |
+6 |
0 |
|
Karabuk |
8 mm |
725 |
7,190 |
+6 |
0 |
|
Karabuk |
12 mm |
723 |
7,170 |
+6 |
0 |
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 8.40