Turkish domestic rebar spot prices stable in local currency

Monday, 14 June 2021 17:28:39 (GMT+3)   |   Istanbul
       

Today, on June 14, Turkish domestic rebar spot prices have remained unchanged in local currency, while rising by $2-3/mt, compared to the end of last week, amid currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,150-7,250/mt or $724-734/mt ex-warehouse, depending on the region.

Icdas A.S. has increased its rebar price by $10/mt to $730/mt ex-works today. In addition, most mills in this region have settled their rebar price at $740-755/mt ex-works. One Marmara-based mill is expected to start its maintenance works on Monday, June 21, continuing them for two weeks until July 5.

In the Izmir region, most mills are still offering rebar at $730/mt ex-works today.

Most Turkish local traders are waiting to hear about the Turkish Central Bank’s interest rate announcement due on Thursday, June 17.

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)

11.06.2021

11.06.2021

Marmara

8 mm

736

7,270

+3

0

Marmara

12 mm

734

7,250

+3

0

Iskenderun

8 mm

727

7,180

+3

0

Iskenderun

10 mm

725

7,165

+2

0

Iskenderun

12 mm

724

7,150

+3

0

Izmir

8 mm

726

7,170

+3

0

Izmir

10 mm

725

7,160

+3

0

Izmir

12 mm

724

7,150

+3

0

Karabuk

8 mm

728

7,190

+3

0

Karabuk

12 mm

726

7,170

+3

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 8.37

 


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet