Turkish domestic rebar spot prices up sharply in local currency

Thursday, 24 February 2022 17:07:34 (GMT+3)   |   Istanbul
       

Today, February 24, Turkish domestic rebar spot prices have risen by TRY 500-600/mt ($5-12/mt) amid the sharp depreciation of the Turkish lira against the US dollar and the unclear financial situation in the country. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 12,400-12,500/mt or $735-741/mt ex-warehouse, depending on the region.

The general rebar price range of Turkish producers including Icdas A.S. stands at $740-750/mt ex-works. Trading activity is also very slow.

In the Iskenderun region, Bastug Metallurgy has closed its rebar sales after opening them earlier today at TRY 12,800/mt ($761/mt) ex-works for a couple of hours.

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)

23.02.2022

23.02.2022

Marmara

8 mm

753

12,700

+5

+500

Marmara

12 mm

741

12,500

+6

+500

Iskenderun

8 mm

747

12,600

+9

+550

Iskenderun

10 mm

741

12,500

+9

+550

Iskenderun

12 mm

735

12,400

+9

+550

Izmir

8 mm

750

12,650

+5

+500

Izmir

10 mm

744

12,550

+6

+500

Izmir

12 mm

738

12,450

+6

+500

Karabuk

8 mm

747

12,600

+12

+600

Karabuk

12 mm

735

12,400

+12

+600

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 14.29


Tags: Rebar Longs Turkey Europe 

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