Turkish domestic rebar spot prices rise slightly in local currency

Thursday, 04 March 2021 17:15:38 (GMT+3)   |   Istanbul
       

Today, March 4, spot prices in the Turkish domestic rebar market have increased by TRY 50-90/mt amid stronger scrap prices and rapid currency fluctuations from the beginning of this week, but have dropped by $9-14 in prices on US dollar basis. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,620-5,650/mt or $639-643/mt ex-warehouse, depending on the region.

Icdas has increased its rebar price in the local currency by TRY 100/mt to TRY 5,630/mt ($640/mt) today. Most Marmara-based mills are currently offering rebar at TRY 5,715-5,760/mt ($650-655/mt) ex-works.

Most mills in the Izmir region are offering rebar at TRY 5,625-5,670/mt ($640-645/mt) ex-works.

In the Samsun region, Yesilyurt A.S. has opened its rebar sales today at TRY 5,750/mt ($654/mt) ex-works, while in the Karabuk region Yolbulan A.S. has opened its rebar sales at TRY 5,700/mt ($648/mt) ex-works.

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)

1.03.2021

1.03.2021

Marmara

8 mm

645

5,670

-11

+70

Marmara

12 mm

643

5,650

-11

+70

Iskenderun

8 mm

644

5,660

-14

+50

Iskenderun

10 mm

642

5,645

-14

+50

Iskenderun

12 mm

640

5,630

-14

+50

Izmir

8 mm

642

5,640

-9

+90

Izmir

10 mm

640

5,630

-9

+90

Izmir

12 mm

639

5,620

-9

+90

Karabuk

8 mm

642

5,640

-12

+60

Karabuk

12 mm

639

5,620

-13

+60

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 7.45


Tags: Longs Turkey Europe 

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