Domestic rebar prices in Turkey indicate diverse trends

Friday, 24 May 2019 17:26:53 (GMT+3)   |   Istanbul
       

The appreciation of the Turkish lira against the US dollar has mostly been reflected as an decrease in prices in the local Turkish rebar market. But due to the tightness of supply in Turkey’s Iskenderun region for some dimensions, domestic rebar prices in this region have moved up.

Additionally, today, Turkish mill Icdas has decreased its 12-32 mm rebar prices by TRY 20/mt to TRY 2,960/mt ($488/mt) ex-works, while Izmir Demir Celik has kept its 12-32 mm rebar prices stable at TRY 2,966/mt ($489/mt) ex-works, both excluding VAT.

As of today, May 24, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

23.05.2019

23.05.2019

Marmara

8 mm

2,924

482

25

2

Marmara

12 mm

2,907

479

25

1

Iskenderun

8 mm

2,915

480

25

9

Iskenderun

10 mm

2,903

478

26

9

Iskenderun

12 mm

2,890

476

26

9

Izmir

8 mm

2,924

482

8

4

Izmir

10 mm

2,915

480

9

4

Izmir

12 mm

2,907

479

8

4

Karabuk

8 mm

2,881

475

9

4

Karabuk

12 mm

2,864

472

9

4

 

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

$1 = TRY 6.07


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