Domestic rebar prices in Turkey move up slightly

Thursday, 23 May 2019 16:33:47 (GMT+3)   |   Istanbul
       

Domestic rebar prices in Turkey have been pushed up by the depreciation of the Turkish lira against the US dollar and higher scrap and billet quotations.

Additionally, today, Turkish mill Icdas has increased its 12-32 mm rebar prices by TRY 30/mt to TRY 2,980/mt ($485/mt) ex-works, while Izmir Demir Celik has raised its 12-32 mm rebar prices by TRY 42/mt to TRY 2,966/mt ($483/mt) ex-works, both excluding VAT.

As of today, May 23, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

22.05.2019

22.05.2019

Marmara

8 mm

2,949

480

34

2

Marmara

12 mm

2,932

478

34

3

Iskenderun

8 mm

2,890

471

43

4

Iskenderun

10 mm

2,877

469

42

4

Iskenderun

12 mm

2,864

467

42

4

Izmir

8 mm

2,932

478

34

3

Izmir

10 mm

2,924

476

34

2

Izmir

12 mm

2,915

475

34

3

Karabuk

8 mm

2,890

471

9

1

Karabuk

12 mm

2,873

468

9

2

 

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

$1 = TRY 6.14


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