Turkish domestic rebar spot prices rise on dollar basis as week ends

Friday, 25 February 2022 17:42:24 (GMT+3)   |   Istanbul
       

Today, February 25, Turkish domestic rebar spot prices have remained stable in the local currency, while rising by $24-25/mt on US dollar basis against the backdrop of the positive sentiment in the import scrap and billet segments and also the ongoing rapid currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 12,400-12,500/mt or $759-765/mt ex-warehouse, depending on the region.

Icdas A.S. opened its rebar sales at $740/mt ex-works today and closed them in the afternoon. Most mills in the Izmir and Marmara regions were offering earlier today at $750-760/mt ex-works and then closed their rebar sales in the afternoon and are expected to increase their rebar prices at the beginning of next week. Sources report around 30,000 mt, some said around 40,000 mt, of rebar were traded at around $725-730/mt ex-works in the last couple of days in the Izmir region.

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)

24.02.2022

24.02.2022

Marmara

8 mm

778

12,700

+25

0

Marmara

12 mm

765

12,500

+24

0

Iskenderun

8 mm

772

12,600

+25

0

Iskenderun

10 mm

765

12,500

+24

0

Iskenderun

12 mm

759

12,400

+24

0

Izmir

8 mm

775

12,650

+25

0

Izmir

10 mm

768

12,550

+24

0

Izmir

12 mm

762

12,450

+24

0

Karabuk

8 mm

772

12,600

+25

0

Karabuk

12 mm

759

12,400

+24

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 13.84


Tags: Rebar Longs Turkey Europe 

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