Demand in the local Turkish rebar market has made a sluggish start to the current week. Turkish rebar producers’ costs have risen significantly as a result of higher domestic billet quotations following the increases recorded in import scrap prices over the past weeks. As a result, Turkish rebar mills have raised their domestic offers. Accordingly, domestic rebar quotations in Turkey have moved up by TRY 50-93/mt since SteelOrbis’ report published on January 31. Additionally, market sources state that in Turkey’s Iskenderun region there is shortage observed for some dimensions due to lower production capacity rates.
As of today, February 4, 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) |
||
|
31.01.2019 |
31.01.2019 |
||||||
|
Marmara |
8 mm |
2,585 |
496 |
↑ |
93 |
↑ |
18 |
|
Marmara |
12 mm |
2,568 |
493 |
↑ |
93 |
↑ |
18 |
|
Iskenderun |
8 mm |
2,610 |
501 |
↑ |
59 |
↑ |
11 |
|
Iskenderun |
10 mm |
2,597 |
499 |
↑ |
59 |
↑ |
12 |
|
Iskenderun |
12 mm |
2,585 |
496 |
↑ |
60 |
↑ |
11 |
|
Izmir |
8 mm |
2,559 |
491 |
↑ |
67 |
↑ |
13 |
|
Izmir |
10 mm |
2,551 |
490 |
↑ |
68 |
↑ |
13 |
|
Izmir |
12 mm |
2,542 |
488 |
↑ |
67 |
↑ |
13 |
|
Karabuk |
8 mm |
2,542 |
488 |
↑ |
50 |
↑ |
10 |
|
Karabuk |
12 mm |
2,525 |
485 |
↑ |
50 |
↑ |
10 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 5.21