Today, April 27, Turkish domestic rebar prices have moved down by TRY 20-40/mt and up by $3-6/mt on US dollar basis amid currency fluctuations and the negative sentiment on the buyers’ end. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,050-6,120/mt or $625-632/mt ex-warehouse, depending on the region.
Most mills in the Izmir and Marmara regions are currently offering rebar at $630/mt ex-works at the current exchange rate, including Icdas A.S. According to sources, 12,000-15,000 mt of rebar were traded at $620/mt ex-works in the Izmir region yesterday.
Most local Turkish traders are taking their time to make new purchases due to the new announcement of a lockdown until after Ramadan and its possible impact on the construction sector.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
26.04.2021 |
26.04.2021 |
||||
|
Marmara |
8 mm |
635 |
6,140 |
+6 |
-20 |
|
Marmara |
12 mm |
632 |
6,120 |
+5 |
-20 |
|
Iskenderun |
8 mm |
628 |
6,080 |
+5 |
-20 |
|
Iskenderun |
10 mm |
627 |
6,065 |
+6 |
-20 |
|
Iskenderun |
12 mm |
625 |
6,050 |
+5 |
-20 |
|
Izmir |
8 mm |
630 |
6,100 |
+5 |
-20 |
|
Izmir |
10 mm |
629 |
6,090 |
+5 |
-20 |
|
Izmir |
12 mm |
628 |
6,080 |
+5 |
-20 |
|
Karabuk |
8 mm |
630 |
6,100 |
+3 |
-40 |
|
Karabuk |
12 mm |
628 |
6,080 |
+3 |
-40 |
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 8.20