Local Turkish rebar spot prices decrease further

Thursday, 11 July 2019 17:24:11 (GMT+3)   |   Istanbul
       

Turkish traders have reduced their domestic rebar prices once again today, July 11, amid weak demand conditions and also due to the appreciation of the Turkish lira against the US dollar.

Meanwhile, today, Turkish mill Izmir Demir Celik has kept its 12-32 mm rebar prices unchanged at TRY 2,669/mt ($471/mt) ex-works, while Icdas has reduced its 12-32 mm rebar prices by TRY 20/mt to TRY 2,700/mt ($476/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)

10.07.2019

10.07.2019

Marmara

8 mm

2,653

468

16

1

Marmara

12 mm

2,636

465

17

1

Iskenderun

8 mm

2,653

468

16

1

Iskenderun

10 mm

2,640

466

17

2

Iskenderun

12 mm

2,627

463

17

1

Izmir

8 mm

2,644

466

25

1

Izmir

10 mm

2,636

465

25

 

0

Izmir

12 mm

2,627

463

26

1

Karabuk

8 mm

2,636

465

8

3

Karabuk

12 mm

2,619

462

8

3

 

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

$1 = TRY 5.67

 


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