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