Today, April 22, Turkish domestic rebar prices have increased by TRY 70-90/mt, with minor changes on US dollar basis to offset currency fluctuations, ahead of the national holiday tomorrow. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,040-6,100/mt or $617-624/mt ex-warehouse, depending on the region.
Most Marmara and Izmir-based mills are currently offering rebar at $630-635/mt ex-works with the current exchange rate.
In the Samsun region, Yesilyurt A.S. hiked its rebar price in the local currency by TRY 100/mt to TRY 6,200/mt ($635/mt) ex-works, when the exchange rate was at $1 = TRY 8.27 earlier today.
In the Iskenderun region, Koc Metallurgy opened its rebar sales at TRY 6,150/mt ($629/mt) ex-works at the current exchange rate. The situation in the local Turkish rebar market is expected to become significantly clearer by the beginning of next week.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
21.04.2021 |
21.04.2021 |
||||
|
Marmara |
8 mm |
626 |
6,120 |
0 |
+80 |
|
Marmara |
12 mm |
624 |
6,100 |
0 |
+80 |
|
Iskenderun |
8 mm |
621 |
6,070 |
+1 |
+90 |
|
Iskenderun |
10 mm |
619 |
6,055 |
+1 |
+90 |
|
Iskenderun |
12 mm |
617 |
6,040 |
+1 |
+90 |
|
Izmir |
8 mm |
621 |
6,070 |
-1 |
+70 |
|
Izmir |
10 mm |
619 |
6,060 |
-2 |
+70 |
|
Izmir |
12 mm |
618 |
6,050 |
-2 |
+70 |
|
Karabuk |
8 mm |
621 |
6,070 |
0 |
+80 |
|
Karabuk |
12 mm |
618 |
6,050 |
0 |
+80 |
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 8.29