Local Turkish rebar market decreases slightly

Monday, 01 July 2019 18:10:12 (GMT+3)   |   Istanbul
       

Spot rebar prices in Turkey have decreased today, July 1, amid the improved political stability following the rerun local election in Istanbul, the appreciation of the Turkish lira against the US dollar, and also due to the aim of some Turkish traders to convert stocks into cash.

Today, Turkish mill Izmir Demir Celik kept its 12-32 mm rebar prices at TRY 2,712/mt ($480/mt) ex-works, while Icdas has decreased its 12-32 mm rebar prices by TRY 20/mt to TRY 2,710/mt ($480/mt) ex-works, both excluding VAT.

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

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

28.06.2019

28.06.2019

Marmara

8 mm

2,686

475

17

6

Marmara

12 mm

2,669

472

17

6

Iskenderun

8 mm

2,678

474

25

5

Iskenderun

10 mm

2,665

472

26

6

Iskenderun

12 mm

2,653

469

25

5

Izmir

8 mm

2,669

472

17

6

Izmir

10 mm

2,661

471

17

7

Izmir

12 mm

2,653

469

16

6

Karabuk

8 mm

2,661

471

17

7

Karabuk

12 mm

2,636

466

17

6

 

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

$1 = TRY 5.65

 


Most Recent Related Articles

Large Turkish rebar lot sold to Asia after long break

Turkey’s Kardemir opens its rebar sales after a long break

Local Turkish rebar spot market makes quiet start to week

Local Turkish rebar spot market activity gains momentum

Turkish long steel export prices weaken