Domestic rebar prices in Turkey increase slightly

Thursday, 13 June 2019 17:30:48 (GMT+3)   |   Istanbul
       

Turkish rebar mills’ production costs have increased slightly due to the depreciation of the Turkish lira against the US dollar recorded since SteelOrbis’ report published yesterday, June 12. Accordingly, Turkish mills have raised their domestic rebar prices as compared to yesterday. Also, SteelOrbis has been informed that demand in the local Turkish rebar market has revived slightly.

Additionally, today, Turkish mill Izmir Demir Celik has increased its 12-32 mm rebar prices by TRY 25/mt to TRY 2,780/mt ($476/mt) ex-works, while Icdas has raised its 12-32 mm rebar prices by TRY 10/mt to TRY 2,770/mt ($474/mt) ex-works, both excluding VAT.

As of today, June 13, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

12.06.2019

12.06.2019

Marmara

8 mm

2,771

475

25

1

Marmara

12 mm

2,754

472

25

1

Iskenderun

8 mm

2,763

473

26

 

0

Iskenderun

10 mm

2,750

471

25

 

0

Iskenderun

12 mm

2,737

469

25

1

Izmir

8 mm

2,763

473

34

2

Izmir

10 mm

2,754

472

34

2

Izmir

12 mm

2,746

470

34

2

Karabuk

8 mm

2,754

472

17

1

Karabuk

12 mm

2,737

469

17

1

 

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

$1 = TRY 5.84

 


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