Turkish domestic rebar spot prices rise significantly in local currency

Wednesday, 08 September 2021 17:37:08 (GMT+3)   |   Istanbul
       

Today, September 8, in the local currency Turkish domestic rebar spot prices have increased by TRY 80-150/mt, while prices on US dollar basis are down by $3-8/mt only rising by $3/mt in the Marmara region, since the beginning of this week. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 6,550-6,670/mt or $656-668/mt ex-warehouse, depending on the region.

Most mills in the Marmara and Izmir regions are currently offering rebar at $655-680/mt ex-works. Some local traders have closed their rebar sales  to avoid currency fluctuations as they restock some tonnages 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)

6.09.2021

6.09.2021

Marmara

8 mm

670

6,690

+3

+150

Marmara

12 mm

668

6,670

+3

+150

Iskenderun

8 mm

660

6,590

-8

+80

Iskenderun

10 mm

659

6,575

-8

+80

Iskenderun

12 mm

657

6,560

-8

+80

Izmir

8 mm

658

6,570

-3

+110

Izmir

10 mm

657

6,560

-3

+110

Izmir

12 mm

656

6,550

-3

+110

Karabuk

8 mm

663

6,620

-4

+120

Karabuk

12 mm

661

6,600

-4

+120

 

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 8.46


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