Today, February 3, spot prices in the Turkish domestic rebar market have dropped by TRY 50-100/mt ($7-13/mt) amid sluggish demand. As of today, 12 mm rebar spot prices in Turkey are at TRY 4,780-4,830/mt or $564-570/mt ex-warehouse depending on the region.
Most mills in the Marmara region are currently offering rebar at TRY 4,955-5,140/mt ($585-607/mt) ex-works.
Most traders are quoting aggressive prices to generate sales. However, most buyers are in wait-and-see mode to gain a better understanding of the import scrap price trend.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
2.02.2021 |
2.02.2021 |
||||
|
Marmara |
8 mm |
572 |
4,850 |
-10 |
-70 |
|
Marmara |
12 mm |
570 |
4,830 |
-9 |
-70 |
|
Iskenderun |
8 mm |
568 |
4,810 |
-9 |
-70 |
|
Iskenderun |
10 mm |
566 |
4,795 |
-9 |
-70 |
|
Iskenderun |
12 mm |
564 |
4,780 |
-9 |
-70 |
|
Izmir |
8 mm |
569 |
4,820 |
-13 |
-100 |
|
Izmir |
10 mm |
568 |
4,810 |
-12 |
-100 |
|
Izmir |
12 mm |
567 |
4,800 |
-12 |
-100 |
|
Karabuk |
8 mm |
571 |
4,840 |
-7 |
-50 |
|
Karabuk |
12 mm |
569 |
4,820 |
-7 |
-50 |
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 7.18