Local Turkish rebar spot prices decrease except in Iskenderun region

Monday, 18 November 2019 16:52:31 (GMT+3)   |   Istanbul
       

Rebar spot prices in Turkey have mostly decreased due to the appreciation of the Turkish lira against the US dollar, though they have remained stable in the Iskenderun region amid the tightness of availability there.

Today, November 18, Turkish mill Icdas has kept its 12-32 mm rebar prices at TRY 2,492/mt ($435/mt) ex-works, while Izmir Demir Celik has decreased its 12-32 mm rebar prices by TRY 25/mt to 2,458/mt ($429 mt) ex-works, both excluding VAT. Meanwhile, market sources report that Turkish rebar mills are offering discounts of TRY 20-40/mt (including VAT) for serious buyers.

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)

14.11.2019

14.11.2019

Marmara

8 mm

2,458

429

-8

+2

Marmara

12 mm

2,441

426

-8

+2

Iskenderun

8 mm

2,475

432

0

+3

Iskenderun

10 mm

2,462

430

0

+3

Iskenderun

12 mm

2,449

427

0

+3

Izmir

8 mm

2,458

429

-8

+2

Izmir

10 mm

2,449

427

-9

+1

Izmir

12 mm

2,441

426

-8

+2

Karabuk

8 mm

2,441

426

-8

+2

Karabuk

12 mm

2,424

423

-8

+1

 

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

$1 = TRY 5.73


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