Today, July 30, Turkish domestic rebar spot prices in the local currency have decreased by another TRY 90-100/mt ($1-3/mt) over the day amid the currency fluctuations and the negative sentiment in the import scrap segment and demand side. The exchange rate was at $1 = TRY 8.50 yesterday and currently hit $1 = TRY 8.41 today. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 6,980-7,080/mt or $703-713/mt ex-warehouse, depending on the region.
Most mills in Marmara and Izmir region is currently offering official rebar list prices at $705-730/mt ex-works. However, Turkish mills are expected to revise their rebar list prices in line with the negative sentiment in the import scrap segment by the beginning of next week as they are also taking the advantage of currency fluctuations for now.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
29.07.2021 |
29.07.2021 |
||||
|
Marmara |
8 mm |
715 |
7,100 |
-3 |
-100 |
|
Marmara |
12 mm |
713 |
7,080 |
-3 |
-100 |
|
Iskenderun |
8 mm |
710 |
7,050 |
-2 |
-90 |
|
Iskenderun |
10 mm |
709 |
7,035 |
-1 |
-90 |
|
Iskenderun |
12 mm |
707 |
7,020 |
-2 |
-90 |
|
Izmir |
8 mm |
705 |
7,000 |
-2 |
-90 |
|
Izmir |
10 mm |
704 |
6,990 |
-2 |
-90 |
|
Izmir |
12 mm |
703 |
6,980 |
-2 |
-90 |
|
Karabuk |
8 mm |
715 |
7,100 |
-3 |
-100 |
|
Karabuk |
12 mm |
713 |
7,080 |
-3 |
-100 |
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 8.41