Domestic rebar prices in Turkey follow diverse trends depending on region

Thursday, 31 January 2019 17:00:37 (GMT+3)   |   Istanbul
       

In the current week, demand in the local Turkish rebar market has remained at low levels except in Turkey’s Iskenderun region where demand has been slightly higher. According to market sources, rebar supply in Iskenderun is slightly lower and so domestic rebar prices in this region have remained a little higher than in other regions. Meanwhile, as Turkish rebar suppliers have passed higher import scrap quotations on to their sales prices, domestic rebar prices in Turkey have moved up by TRY 34-51/mt since SteelOrbis’ report published on January 28.

As of today, January 31, traders’ rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

28.01.2019

28.01.2019

Marmara

8 mm

2,492

478

34

14

Marmara

12 mm

2,475

475

34

14

Iskenderun

8 mm

2,551

490

51

18

Iskenderun

10 mm

2,538

487

51

18

Iskenderun

12 mm

2,525

485

50

18

Izmir

8 mm

2,492

478

34

14

Izmir

10 mm

2,483

477

34

15

Izmir

12 mm

2,475

475

34

14

Karabuk

8 mm

2,492

478

34

14

Karabuk

12 mm

2,475

475

34

14

 

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

$1 = TRY 5.21


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