Turkish rebar spot prices increase further

Tuesday, 01 December 2020 17:12:10 (GMT+3)   |   Istanbul

Today, December 1, rebar spot prices in Turkey have mainly risen by TRY 40-100/mt with minor changes on US dollar basis, amid currency fluctuations.  As of today, 12 mm rebar spot prices have settled within the range of TRY 4,920-4,980/mt or $530-537/mt, ex-warehouse depending on the region.

Today, Icdas’s rebar offers have ended the day at TRY 5,000/mt ex-works or $539/mt ex-works on US dollar basis, up by $3/mt compared to early this morning. Most mills in the Marmara region are currently offering rebar at TRY 5,055-5,100/mt ($545-550/mt) ex-works, up by TRY 70/mt in the local currency over yesterday and stable on US dollar basis.

In Karabuk region, Yolbulan A.S. is currently offering rebar at TRY 5,025/mt ($542/mt) ex-works, while Samsun-based Yesilyurt A.S. is currently offering rebar at TRY 5,050/mt ($544/mt) ex-works, as of today.

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)

30.11.2020

30.11.2020

Marmara

8 mm

539

5,000

-3

+40

Marmara

12 mm

537

4,980

-3

+40

Iskenderun

8 mm

534

4,950

-2

+50

Iskenderun

10 mm

532

4,935

-2

+50

Iskenderun

12 mm

530

4,920

-3

+50

Izmir

8 mm

533

4,940

0

+70

Izmir

10 mm

532

4,930

+1

+70

Izmir

12 mm

530

4,920

0

+70

Karabuk

8 mm

538

4,990

+3

+100

Karabuk

12 mm

536

4,970

+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 7.86


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