Local Turkish rebar spot prices decrease slightly

Friday, 13 December 2019 17:25:31 (GMT+3)   |   Istanbul
       

Local Turkish rebar spot prices have decreased slightly by TRY 8-17/mt compared to yesterday, December 12. SteelOrbis heard that some traders in Iskenderun region have been aggressive in their pricing for the past few days in order to generate sales.

Today, December 13, Turkish mill Icdas has kept its 12-32 mm rebar prices stable at TRY 2,619/mt ($453/mt) ex-works, while Izmir Demir Celik has kept its 12-32 mm rebar prices unchanged at TRY 2,627/mt ($455/mt) ex-works, both excluding VAT. SteelOrbis has continued to hear discounts of TRY 20-40/mt from mills for serious buyers in most regions of the country as they seek to stimulate their sales. Moreover, market sources indicate that some small rebar volumes may be sold by an Izmir-based producer today, at a slightly lower level than the general price range in the region.

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)

12.12.2019

12.12.2019

Marmara

8 mm

2,602

450

-8

-2

Marmara

12 mm

2,585

447

-8

-2

Iskenderun

8 mm

2,619

453

-8

-2

Iskenderun

10 mm

2,606

451

-8

-1

Iskenderun

12 mm

2,593

449

-9

-1

Izmir

8 mm

2,602

450

-8

-2

Izmir

10 mm

2,593

449

-9

-1

Izmir

12 mm

2,585

447

-8

-2

Karabuk

8 mm

2,585

447

-17

-3

Karabuk

12 mm

2,568

444

-17

-3

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

$1 = TRY 5.78

 


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