Today, October 12, Turkish domestic rebar spot prices have remained unchanged in the local currency but have increased by $5/mt on US dollar basis as a result of exchange rate fluctuations. Accordingly, 12 mm rebar prices in the overall local Turkish spot market have settled at TRY 4,110-4,150/mt ($444-448/mt) ex-warehouse, depending on the region.
Today, İçdaş has dropped its rebar price by TRY 40/mt to TRY 4,200/mt ($453/mt) ex-works compared to last Thursday. However, Icdas’ rebar price has risen by $3/mt on US dollar basis today in the afternoon.
Most Turkish mills in Izmir and the Marmara region are currently offering rebar at TRY 4,120-4,170/mt ($445-450/mt) ex-works.
In the Iskenderun region, Bastug A.S. has issued its rebar sale price at TRY 4,150/mt ($448/mt) ex-works, stable on lira basis, while its price has risen by $5/mt on US dollar basis.
In the Karabuk region, Yolbulan A.S. has also kept its rebar price in the local currency at TRY 4,160/mt ($449/mt) ex-works, with its dollar price increasing by $5/mt.
In the Samsun region, Yesilyurt A.S. has kept its rebar price stable in the local currency at TRY 4,220/mt ($456/mt) ex-works, with its price on dollar basis, up $6/mt.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
8.10.2020 |
8.10.2020 |
||||
|
Marmara |
8 mm |
450 |
4,170 |
+5 |
0 |
|
Marmara |
12 mm |
448 |
4,150 |
+5 |
0 |
|
Iskenderun |
8 mm |
447 |
4,140 |
+5 |
0 |
|
Iskenderun |
10 mm |
445 |
4,125 |
+5 |
0 |
|
Iskenderun |
12 mm |
444 |
4,110 |
+5 |
0 |
|
Izmir |
8 mm |
447 |
4,140 |
+5 |
0 |
|
Izmir |
10 mm |
446 |
4,130 |
+5 |
0 |
|
Izmir |
12 mm |
445 |
4,120 |
+5 |
0 |
|
Karabuk |
8 mm |
447 |
4,140 |
+5 |
0 |
|
Karabuk |
12 mm |
445 |
4,120 |
+5 |
0 |
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 7.85