Turkish rebar spot prices mainly increase as week begins

Monday, 30 November 2020 17:35:55 (GMT+3)   |   Istanbul
       

Today, November 30, rebar spot prices in Turkey have mainly risen by TRY 10-60/mt ($8-16/mt) compared to Thursday, November 26, due to costlier scrap and currency fluctuations. Only in the Iskenderun region have rebar prices dropped slightly to allow the destocking of some tonnages. As of today, 12 mm rebar spot prices have settled within the range of TRY 4,850-4,940/mt or $530-540/mt, ex-warehouse depending on the region.

Today, Icdas’s rebar offers have ended the day at TRY 4,920/mt ex-works or $538/mt ex-works on US dollar basis. Most mills in the Marmara region are currently offering rebar at TRY 4,985-5,030/mt ex-works ($545-550/mt) ex-works.

In the Izmir region, Izmir Demir Celik (IDC) opened its rebar sales at TRY 4,845/mt ($530/mt) ex-works today.

In the Karabuk region, Yolbulan A.S. has opened its rebar sales at TRY 5,020/mt ($549/mt) ex-works.

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)

26.11.2020

26.11.2020

Marmara

8 mm

542

4,960

+16

+60

Marmara

12 mm

540

4,940

+16

+60

Iskenderun

8 mm

536

4,900

+9

-10

Iskenderun

10 mm

534

4,885

+8

-10

Iskenderun

12 mm

533

4,870

+9

-10

Izmir

8 mm

533

4,870

+13

+30

Izmir

10 mm

531

4,860

+12

+30

Izmir

12 mm

530

4,850

+12

+30

Karabuk

8 mm

535

4,890

+11

+10

Karabuk

12 mm

533

4,870

+11

+10

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 7.75


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