Turkish domestic rebar spot prices stable in local currency

Thursday, 16 September 2021 17:13:55 (GMT+3)   |   Istanbul
       

Today, September 16, in the local currency Turkish domestic rebar spot prices have remained unchanged in the local currency, with just minor changes on US dollar basis, amid currency fluctuations. Accordingly, 12 mm rebar spot prices in Turkey have remained at TRY 6,600-6,750/mt or $657-672/mt ex-warehouse, depending on the region.

Most Marmara and Izmir-based mills have kept their rebar prices stable at $660-680/mt ex-works, including Icdas A.S. According to sources, size availability is also an issue these days.

In the Iskenderun region, one re-roller opened its rebar sales at TRY 6,700 ($667/mt) ex-warehouse earlier today, and closed its rebar sales in the afternoon to avoid risks of currency fluctuations.

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)

15.09.2021

15.09.2021

Marmara

8 mm

674

6,770

-6

0

Marmara

12 mm

672

6,750

-6

0

Iskenderun

8 mm

665

6,680

-6

0

Iskenderun

10 mm

664

6,665

-5

0

Iskenderun

12 mm

662

6,650

-6

0

Izmir

8 mm

659

6,620

-6

0

Izmir

10 mm

658

6,610

-6

0

Izmir

12 mm

657

6,600

-6

0

Karabuk

8 mm

659

6,620

-6

0

Karabuk

12 mm

657

6,600

-6

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 8.51


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