Turkish rebar spot prices revised in local currency

Thursday, 08 July 2021 17:12:15 (GMT+3)   |   Istanbul
       

Today, July 8, Turkish domestic rebar spot prices have decreased by TRY 30/mt in the Karabuk region, while rising by TRY 20/mt in the rest of the country, with minor changes on US dollar basis as compared to Tuesday, July 6. Accordingly, 12 mm rebar spot prices in Turkey are now at TRY 7,270-7,370/mt or $708-718/mt ex-warehouse, depending on the region.

Most mills in the Marmara and Izmir regions are quoting rebar prices at $708-740/mt ex-works today, including Icdas A.S. which is still offering at $730/mt ex-works. According to sources, supply of small diameter rebar is limited in the Marmara region. Moreover, one Izmir-based mill succeeded in selling around 15,000 mt of rebar at $708-710/mt ex-works yesterday, SteelOrbis has heard.

In the Karabuk region, Yolbulan A.S. has increased its rebar price by TRY 50/mt to TRY 7,400/mt ($721/mt) ex-works 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)

06.07.2021

06.07.2021

Marmara

8 mm

720

7,390

0

+20

Marmara

12 mm

718

7,370

0

+20

Iskenderun

8 mm

712

7,310

-1

+20

Iskenderun

10 mm

711

7,295

0

+20

Iskenderun

12 mm

709

7,280

-1

+20

Izmir

8 mm

710

7,290

-1

+20

Izmir

10 mm

709

7,280

-1

+20

Izmir

12 mm

708

7,270

-1

+20

Karabuk

8 mm

713

7,320

-5

-30

Karabuk

12 mm

711

7,300

-5

-30

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 8.70


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