Turkish rebar spot prices decrease once again in local currency

Thursday, 29 July 2021 17:31:38 (GMT+3)   |   Istanbul
       

Today, July 29, Turkish domestic rebar spot prices in the local currency have decreased by TRY 20-60/mt over the day, with minor changes on US dollar basis. The main reasons are the currency fluctuations and the negative sentiment in the import scrap segment. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,070-7,180/mt or $705-716/mt ex-warehouse, depending on the region.

Although the official rebar prices in Marmara and Izmir region is available at $710-730/mt ex-works, sources report TRY 7,100/mt ($708/mt) ex-works is being tested as a special campaign price in the Marmara region today.

It is worth mentioning that some local traders attempt to destock, as they believe the rebar spot prices might drop slightly in the coming days.

In the Samsun region, Yesilyurt Metallurgy has opened its rebar price at TRY 7,300/mt ex-works, equals to $728/mt at the current exchange rate.

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)

28.07.2021

28.07.2021

Marmara

8 mm

718

7,200

+3

-20

Marmara

12 mm

716

7,180

+3

-20

Iskenderun

8 mm

712

7,140

+3

-20

Iskenderun

10 mm

710

7,125

+3

-20

Iskenderun

12 mm

709

7,110

+3

-20

Izmir

8 mm

707

7,090

-1

-60

Izmir

10 mm

706

7,080

-1

-60

Izmir

12 mm

705

7,070

-1

-60

Karabuk

8 mm

718

7,200

+1

-40

Karabuk

12 mm

716

7,180

+1

-40

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 8.50


Tags: Rebar Longs Turkey Europe 

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