Latest situation in local Turkish rebar market

Tuesday, 19 March 2019 17:57:57 (GMT+3)   |   Istanbul
       

As of today, March 19, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

18.03.2019

18.03.2019

Marmara

8 mm

2,763

504

 

0

2

Marmara

12 mm

2,746

501

 

0

2

Iskenderun

8 mm

2,737

500

 

0

2

Iskenderun

10 mm

2,725

497

 

0

2

Iskenderun

12 mm

2,712

495

 

0

2

Izmir

8 mm

2,737

500

 

0

2

Izmir

10 mm

2,729

498

 

0

2

Izmir

12 mm

2,720

496

 

0

2

Karabuk

8 mm

2,729

498

 

0

2

Karabuk

12 mm

2,712

495

 

0

2


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

Meanwhile, Turkish steel producer Icdas has revised its domestic rebar prices today, March 19, and increased its sales prices for 12-32 mm rebar by TRY 40 + VAT to TRY 2,765/mt ($505/mt) + VAT ex-works. Additionally, another Turkish steel mill Izmir Demir Celik has increased its sales offers by TRY 20 + VAT for 12-32 mm rebar to TRY 2,754/mt ($503/mt) ex-works, excluding 18 percent VAT.

$1 = TRY 5.48


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