Today, July 28, Turkish domestic rebar spot prices in the local currency have decreased by another TRY 20-50/mt ($2-5/mt) over the day, amid the negative sentiment on the import scrap and demand side. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,130-7,220/mt or $706-715/mt ex-warehouse, depending on the region.
Most mills in Izmir and Marmara region is currently offering rebar at $710-730/mt ex-works, while $730/mt ex-works seems difficult to achieve for now. Some local traders start quoting aggressive pricing to destock. In addition, the currency exchange is around $1 = TRY 8.56 three days in a row.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
27.07.2021 |
27.07.2021 |
||||
|
Marmara |
8 mm |
715 |
7,220 |
-5 |
-50 |
|
Marmara |
12 mm |
713 |
7,200 |
-5 |
-50 |
|
Iskenderun |
8 mm |
709 |
7,160 |
-2 |
-20 |
|
Iskenderun |
10 mm |
707 |
7,145 |
-2 |
-20 |
|
Iskenderun |
12 mm |
706 |
7,130 |
-2 |
-20 |
|
Izmir |
8 mm |
708 |
7,150 |
-2 |
-20 |
|
Izmir |
10 mm |
707 |
7,140 |
-2 |
-20 |
|
Izmir |
12 mm |
706 |
7,130 |
-2 |
-20 |
|
Karabuk |
8 mm |
717 |
7,240 |
-3 |
-30 |
|
Karabuk |
12 mm |
715 |
7,220 |
-3 |
-30 |
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 8.56