Domestic rebar prices in Turkey start the week with sharp increase

Monday, 04 February 2019 16:35:00 (GMT+3)   |   Istanbul
       

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


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