Local Turkish rebar spot prices decline further

Friday, 24 January 2020 17:44:54 (GMT+3)   |   Istanbul
       

Trading activity in the local Turkish rebar spot market has remained weak today, January 24, due to the downtrend in the import scrap segment, market sources report. On the other hand, some sources say that rebar prices of some re-rollers based in Turkey’s Iskenderun region have declined to $425/mt ex-works on dollar basis. “Local rebar demand is almost nil”, a source said.

Today, Turkish mill Icdas has kept its 12-32 mm rebar offers unchanged at TRY 3,120/mt, while Izmir Demir Celik (IDC) has kept its 12-32 mm rebar offers stable at TRY 3,050/mt ex-works. Additionally, İcdas’ price on dollar basis is at $446/mt ex-works, while IDC’s price in dollars is at $436/mt ex-works.

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

Region

Dimension

Price ($/mt)

Price (TRY/mt)

Price changes ($/mt)

Price changes (TRY/mt)

23.01.2020 

 23.01.2020

Marmara

8 mm

432

3,020

-4

-30

Marmara

12 mm

429

3,000

-4

-30

Iskenderun

8 mm

430

3,010

-3

-20

Iskenderun

10 mm

428

2,995

-3

-20

Iskenderun

12 mm

426

2,980

-3

-20

Izmir

8 mm

434

3,040

-2

-10

Izmir

10 mm

433

3,030

-1

-10

Izmir

12 mm

432

3,020

-1

-10

Karabuk

8 mm

429

3,000

-4

-30

Karabuk

12 mm

426

2,980

-4

-30

All prices are ex-warehouse and on actual weight basis. Prices on Turkish lira basis include 18 percent VAT, while prices on US dollar basis exclude VAT. 

$1 = TRY 5.93

 


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