Today, February 4, spot prices in the Turkish domestic rebar market have risen by TRY 50-70/mt ($9-13/mt) in the Izmir and Marmara regions, while rebar prices in the other regions of the country have remained unchanged in the local currency, up by $4/mt over the day. As of today, 12 mm rebar spot prices in Turkey are at TRY 4,780-4,900/mt or $568-582/mt ex-warehouse depending on the region.
Turkish mills’ general rebar price range has settled at TRY 5,000 /mt ($594/mt) ex-works, with slightly higher levels available at the current exchange rate. The exchange rate was at $1 = TRY 7.18 earlier this morning. Sources report that Bastug Metallurgy, Yolbulan A.S., Icdas A.S. and Izmir Demir Celik(IDC) have all set the same rebar price today, at TRY 5,000 mt ($594/mt) ex-works. Some local traders have started to restock some tonnages as they believe that rebar prices have hit the bottom and will rebound at short notice with the better weather conditions. According to sources, around 7,000 mt of rebar were traded in the Marmara region at TRY 4,980/mt ($592/mt) ex-works earlier this week, without any confirmation by the time of publication.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
3.02.2021 |
3.02.2021 |
||||
|
Marmara |
8 mm |
585 |
4,920 |
+13 |
+70 |
|
Marmara |
12 mm |
582 |
4,900 |
+12 |
+70 |
|
Iskenderun |
8 mm |
572 |
4,810 |
+4 |
0 |
|
Iskenderun |
10 mm |
570 |
4,795 |
+4 |
0 |
|
Iskenderun |
12 mm |
568 |
4,780 |
+4 |
0 |
|
Izmir |
8 mm |
579 |
4,870 |
+10 |
+50 |
|
Izmir |
10 mm |
578 |
4,860 |
+10 |
+50 |
|
Izmir |
12 mm |
576 |
4,850 |
+9 |
+50 |
|
Karabuk |
8 mm |
575 |
4,840 |
+4 |
0 |
|
Karabuk |
12 mm |
573 |
4,820 |
+4 |
0 |
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 7.13