Turkish domestic rebar spot prices trend up

Monday, 07 March 2022 17:32:16 (GMT+3)   |   Istanbul
       

Today, March 7, Turkish domestic rebar spot prices have risen by TRY 300-500/mt ($11-23/mt) against the backdrop of currency fluctuations, costlier scrap and the unclear financial situation in the country. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 15,250-15,400/mt or $900-909/mt ex-warehouse, depending on the region.

Icdas A.S. has increased its rebar price by another $20/mt to $900/mt ex-works today. Most mills in the Izmir and Marmara regions are currently offering rebar at $900-925/mt ex-works. A small-tonnage rebar lot has traded at $925/mt ex-works in the Marmara region today.

In the Karabuk region, Yolbulan’s rebar sales are still closed.

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)

4.03.2022

4.03.2022

Marmara

8 mm

921

15,600

+17

+400

Marmara

12 mm

909

15,400

+17

+400

Iskenderun

8 mm

915

15,500

+11

+300

Iskenderun

10 mm

909

15,400

+11

+300

Iskenderun

12 mm

903

15,300

+11

+300

Izmir

8 mm

915

15,500

+23

+500

Izmir

10 mm

909

15,400

+23

+500

Izmir

12 mm

903

15,300

+23

+500

Karabuk

8 mm

912

15,450

+20

+450

Karabuk

12 mm

900

15,250

+20

+450

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 14.36


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