Latest situation in Turkish rebar spot market

Friday, 29 March 2019 16:19:52 (GMT+3)   |   Istanbul
       

As of today, March 29, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

28.03.2019

28.03.2019

Marmara

8 mm

2,822

499

 

0

6

Marmara

12 mm

2,805

496

 

0

6

Iskenderun

8 mm

2,822

499

8

4

Iskenderun

10 mm

2,809

497

8

4

Iskenderun

12 mm

2,797

495

9

4

Izmir

8 mm

2,839

502

25

1

Izmir

10 mm

2,831

501

26

1

Izmir

12 mm

2,822

499

25

1

Karabuk

8 mm

2,797

495

 

0

5

Karabuk

12 mm

2,780

492

 

0

5

 

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

SteelOrbis has been informed that Turkish steel producer Kardemir closed its domestic rebar sales after selling about 15,250 mt in total yesterday, March 28, having opened its rebar sales earlier on the same day at the level of TRY 2,759/mt ($488/mt) ex-works, excluding VAT. Meanwhile, Turkish producer Icdas has announced its 12-32 mm rebar prices today at TRY 2,860/mt ($506/mt) + VAT ex-works. Additionally, another Turkish mill Izmir Demir Celik reduced its 12-32 mm rebar prices today by TRY 42/mt to TRY 2,839/mt ($502/mt) ex-works, excluding VAT. 

$1 = TRY 5.65

$1 = TRY 5.59 (28 March)


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