Domestic rebar prices in Turkey have made an upward start to the current week due to the depreciation of the Turkish lira against the US dollar. Market sources state that demand received from buyers is still at low levels due to the ongoing local election vote-counting process in Turkey’s major cities.
On the other hand, Turkish steel mill Icdas has announced its domestic 12-32 mm rebar sales prices today, April 8, at TRY 2,850/mt ($501/mt) ex-works. Additionally, another Turkish rebar producer Izmir Demir Celik has announced its new 12-32 mm rebar sales prices at TRY 2,856/mt ($502/mt) ex-works. All prices exclude 18 percent VAT.
As of today, April 8, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
05.04.2019 |
05.04.2019 |
||||||
Marmara |
8 mm |
2,822 |
496 |
↑ |
34 |
↓ |
1 |
Marmara |
12 mm |
2,805 |
493 |
↑ |
34 |
↓ |
1 |
Iskenderun |
8 mm |
2,805 |
493 |
↑ |
25 |
↓ |
2 |
Iskenderun |
10 mm |
2,792 |
491 |
↑ |
25 |
↓ |
2 |
Iskenderun |
12 mm |
2,780 |
489 |
↑ |
26 |
↓ |
2 |
Izmir |
8 mm |
2,839 |
499 |
↑ |
51 |
↑ |
2 |
Izmir |
10 mm |
2,831 |
497 |
↑ |
51 |
↑ |
2 |
Izmir |
12 mm |
2,822 |
496 |
↑ |
51 |
↑ |
2 |
Karabuk |
8 mm |
2,797 |
491 |
↑ |
34 |
↓ |
1 |
Karabuk |
12 mm |
2,780 |
489 |
↑ |
34 |
|
0 |
All prices are ex-warehouse and on actual weight basis and exclude 18 percent VAT.
$1 = TRY 5.69