Today, October 14, most Turkey-based rebar producers have raised their price extras for thinner sizes in the domestic market. According to sources, the main reason is the limited availability of certain rebar sizes in the market and the increased costs for their production. “The problem is specifically to find rebar below 15 mm as these sizes are going for mid-scale construction and the demand is there now, with no big projects available. In terms of production, every thinner size costs more and it is a question of efficiency and time spent for changing rolls as well,” a trader told SteelOrbis.
Icdas A.S. has revised its additional charge for 10 mm rebar to TRY 60/mt and 8 mm rebar to TRY 120/mt. According to sources, the previous additional charges were at TRY 40/mt and TRY 80/mt respectively. Izmir Demir Celik (IDC) and Yolbulan A.S., Kroman A.S., Bastug Metallurgy and Eryilmazlar Metallurgy have also set the same additional charges for the same sizes. Sources report another Marmara-based mill has set its extras at TRY 60/mt and TRY 90/mt for 10mm and 8 mm, respectively.
In addition, Habas A.S. has adjusted its additional charge to TRY 60/mt and TRY 100/mt for 10 mm and 8 mm respectively. The average additional charges were around TRY 60/mt and TRY 85/mt in the region previously. Moreover, Yesilyurt Metallurgy has updated its additional charges to TRY 70/mt and TRY 120/mt for the abovementioned sizes.
It is worth mentioning that some of the mills have adjusted the size extras for the export markets as well. “The additional charge for 8 mm rebar is currently at $10/mt,” a source told SteelOrbis.
The base rebar price in the market is considered to be that for 12 mm products.
$1 = TRY 9.15.