Today, November 29, Turkish domestic rebar spot prices have increased by TRY 350-450/mt, while down by $2-10/mt on US dollar basis, against the backdrop of currency fluctuations, as compared to Thursday, November 25. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 10,850-11,030/mt or $729-741/mt ex-warehouse, depending on the region. On the demand side, most buyers are postponing new purchases amid the depreciation of the Turkish lira against the US dollar and are monitoring raw material prices for now.
Most mills in the Marmara and Izmir regions are currently offering their official rebar prices at $740-750/mt ex-works, including Icdas A.S. today.
In the Iskenderun region, one re-roller opened its rebar sales at TRY 10,950/mt ($735/mt) ex-warehouse earlier today.
In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 11,050/mt ($742/mt) ex-works today.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
25.11.2021 |
25.11.2021 |
||||
|
Marmara |
8 mm |
742 |
11,050 |
-4 |
+430 |
|
Marmara |
12 mm |
741 |
11,030 |
-4 |
+430 |
|
Iskenderun |
8 mm |
731 |
10,880 |
-2 |
+450 |
|
Iskenderun |
10 mm |
730 |
10,865 |
-2 |
+450 |
|
Iskenderun |
12 mm |
729 |
10,850 |
-2 |
+450 |
|
Izmir |
8 mm |
740 |
11,020 |
-6 |
+400 |
|
Izmir |
10 mm |
739 |
11,010 |
-7 |
+400 |
|
Izmir |
12 mm |
739 |
11,000 |
-6 |
+400 |
|
Karabuk |
8 mm |
737 |
10,970 |
-9 |
+350 |
|
Karabuk |
12 mm |
735 |
10,950 |
-10 |
+350 |
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.
:The average indicated exchange rate is taken into account for today’s analysis, as the exchange rate has lately been above $1 = TRY 12 .65
$1 = TRY 12.62