Today, July 2, Turkish domestic rebar spot prices have risen by TRY 20-70/mt ($4-9/mt) as compared to yesterday. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,180-7,300/mt or $702-714/mt ex-warehouse, depending on the region.
Most mills in the Marmara and Izmir regions are currently offering rebar at around $720/mt ex-works, while a few suppliers are giving aggressive pricing, at $10-15/mt lower, to generate sales. One Marmara-based mill is expected to complete its maintenance works by Monday, July 5.
In the Iskenderun region, Bastug Metallurgy has opened its rebar price at TRY 7,300/mt, equal to $714/mt ex-works on US dollar basis at the current exchange rate today.
In the Karabuk region, Yolbulan A.S. has also opened its rebar sales at TRY 7,300/mt ($714/mt) ex-works. In the Samsun region, Yesilyurt Metallurgy has closed its local rebar sales amid its ongoing export bookings until August 1, as SteelOrbis has mentioned earlier.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
1.07.2021 |
1.07.2021 |
||||
|
Marmara |
8 mm |
716 |
7,320 |
+7 |
+50 |
|
Marmara |
12 mm |
714 |
7,300 |
+7 |
+50 |
|
Iskenderun |
8 mm |
705 |
7,210 |
+8 |
+60 |
|
Iskenderun |
10 mm |
703 |
7,195 |
+7 |
+60 |
|
Iskenderun |
12 mm |
702 |
7,180 |
+8 |
+60 |
|
Izmir |
8 mm |
708 |
7,240 |
+4 |
+20 |
|
Izmir |
10 mm |
707 |
7,230 |
+4 |
+20 |
|
Izmir |
12 mm |
706 |
7,220 |
+4 |
+20 |
|
Karabuk |
8 mm |
714 |
7,300 |
+9 |
+70 |
|
Karabuk |
12 mm |
712 |
7,280 |
+9 |
+70 |
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 8.67