Turkish domestic rebar spot prices mainly fall further

Thursday, 07 April 2022 14:12:29 (GMT+3) |Istanbul

Today, April 7, Turkish domesticrebarspot prices have decreased by TRY 50-200/mt ($3-12/mt) amid sluggish demand, while onlyrebarspot prices in the Marmara region have remained unchanged in local currency, with minor changes on US dollar basis. Accordingly, 12 mmrebarspot prices inTurkeyhave settled at TRY 16,000-16,500/mt or $919-948/mt ex-warehouse, depending on the region.

Icdas A.S. has kept itsrebarprice stable at $965/mt ex-works. Most Izmir and Marmara-based mills are offeringrebarat $960-970/mt ex-works. Additional discounts are applicable for serious buyers.

In the Iskenderun region, Koc Metallurgy has closed itsrebarsales today, while one re-roller in the region has closed itsrebarsales until Monday, April 11.

As of today,rebaroffers in the Turkish spot market are as follows:

Region

Dimension

Price ($/mt)

Price (TRY/mt)

Price changes ($/mt)

Price changes (TRY/mt)

6.04.2022

6.04.2022

Marmara

8 mm

959

16,700

-1

0

Marmara

12 mm

948

16,500

-1

0

Iskenderun

8 mm

931

16200年

-12

-200

Iskenderun

10 mm

925

16,100

-12

-200

Iskenderun

12 mm

919

16,000

-12

-200

Izmir

8 mm

948

16,500

-4

-50

Izmir

10 mm

942

16,400

-4

-50

Izmir

12 mm

937

16,300

-3

-50

Karabuk

8 mm

931

16200年

-6

-100

Karabuk

12 mm

919

16,000

-7

-100

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 14.75


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