Domestic rebar prices in Turkey fall slightly

Tuesday, 21 May 2019 17:23:51 (GMT+3)   |   Istanbul
       

Buyers in the local Turkish rebar market have continued to conclude purchases only in line with their daily needs amid concerns relating to inventory costs and also as they wish to see international buyers’ reaction to Turkish mills’ higher rebar export offers. 

Today, Turkish mill Icdas has increased its 12-32 mm rebar prices by TRY 10/mt to TRY 2,950/mt ($486/mt) ex-works, while Izmir Demir Celik has kept its 12-32 mm rebar prices stable at TRY 2,924/mt ($482/mt) ex-works, both excluding VAT.

 As of today, May 21, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

20.05.2019

20.05.2019

Marmara

8 mm

2,898

477

17

4

Marmara

12 mm

2,881

475

17

3

Iskenderun

8 mm

2,847

469

9

2

Iskenderun

10 mm

2,835

467

8

2

Iskenderun

12 mm

2,822

465

9

2

Izmir

8 mm

2,881

475

17

3

Izmir

10 mm

2,873

473

17

4

Izmir

12 mm

2,864

472

17

3

Karabuk

8 mm

2,873

473

8

2

Karabuk

12 mm

2,856

470

8

3

 

All prices are ex-warehouse and on actual weight basis and exclude 18 percent VAT.

$1 = TRY 6.07

 


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