Today, February 12, spot prices in the Turkish domestic rebar market have risen by TRY 30-50/mt ($3-6/mt), after small transactions in the local market and stronger scrap prices. As of today, 12 mm rebar spot prices in Turkey are at TRY 5,020-5,070/mt or $606-612/mt ex-warehouse depending on the region.
Icdas has increased its rebar price by TRY 70/mt to TRY 5,030/mt ($607/mt) ex-works today, up by $2/mt compared to earlier this morning.
Most mills in the Izmir region are offering rebar at TRY 4,980-5,030/mt ($601-607/mt) ex-works today. Izmir Demir Celik (IDC) has closed its rebar sales in the afternoon. Sources report that around 6,000-8,000 mt of rebar has been traded at TRY 5,030/mt ($607/mt) ex-works in this region today.
In the Samsun region, Yesilyurt A.S. has opened its rebar sales at TRY 5,300/mt ($640/mt) ex-works. According to sources, the mill is not in a rush to sell rebar for now. Moreover, in the Karabuk region Yolbulan A.S. has closed its rebar sales today and is expected to open its rebar sales on Monday, February 15.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
11.02.2021 |
11.02.2021 |
||||
|
Marmara |
8 mm |
613 |
5,080 |
+3 |
+30 |
|
Marmara |
12 mm |
611 |
5,060 |
+4 |
+30 |
|
Iskenderun |
8 mm |
616 |
5,100 |
+6 |
+50 |
|
Iskenderun |
10 mm |
614 |
5,085 |
+6 |
+50 |
|
Iskenderun |
12 mm |
612 |
5,070 |
+6 |
+50 |
|
Izmir |
8 mm |
608 |
5,040 |
+4 |
+40 |
|
Izmir |
10 mm |
607 |
5,030 |
+5 |
+40 |
|
Izmir |
12 mm |
606 |
5,020 |
+5 |
+40 |
|
Karabuk |
8 mm |
614 |
5,090 |
+6 |
+50 |
|
Karabuk |
12 mm |
612 |
5,070 |
+6 |
+50 |
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 7.02