Today, March 22, rebar spot prices in Turkey have been severely hit by the sharp loss of value of the Turkish lira. Although traders have increased their offers by $280-350/mt, the US dollar equivalent of the rebar spot prices has still lost $11-19/mt. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 5,600-5,670/mt or $603-611/mt ex-warehouse, depending on the region. Taking into account such developments, rebar demand in Turkey has stalled.
Most mills in the Marmara region have opened their rebar sales at $620-630/mt ex-works at the current exchange rate.
In the Izmir region, most mills are currently offering rebar at $615-620/mt ex-works, with prices still quoted on US dollar basis at the current exchange rate.
In the Iskenderun region, Bastug A.S. has opened its rebar sales after a long break, at $620/mt ex-works at the current exchange rate.
In the Samsun region, Yesilyurt A.S. has opened its rebar sales at $625/mt ex-works at the current exchange rate.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
19.03.2021 |
19.03.2021 |
||||
|
Marmara |
8 mm |
613 |
5,690 |
-16 |
+310 |
|
Marmara |
12 mm |
611 |
5,670 |
-16 |
+310 |
|
Iskenderun |
8 mm |
612 |
5,680 |
-11 |
+350 |
|
Iskenderun |
10 mm |
610 |
5,665 |
-11 |
+350 |
|
Iskenderun |
12 mm |
608 |
5,650 |
-12 |
+350 |
|
Izmir |
8 mm |
611 |
5,670 |
-11 |
+350 |
|
Izmir |
10 mm |
609 |
5,660 |
-12 |
+350 |
|
Izmir |
12 mm |
608 |
5,650 |
-12 |
+350 |
|
Karabuk |
8 mm |
605 |
5,620 |
-19 |
+280 |
|
Karabuk |
12 mm |
603 |
5,600 |
-19 |
+280 |
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 7.87