Local Turkish rebar spot prices decrease slightly on TRY basis

Thursday, 03 October 2019 16:23:49 (GMT+3)   |   Istanbul
       

While demand in the local Turkish rebar market is still at low levels, domestic rebar prices in Turkey have decreased slightly today, October 3, due to the Turkish lira gaining strength against the US dollar, except in the Iskenderun region where prices have remained unchanged. However, prices have mostly indicated an uptrend on dollar basis due to the fluctuation of the exchange rate.

Meantime, today, Turkish mill Icdas has kept its 12-32 mm rebar prices at TRY 2,373/mt ($418/mt) ex-works, while Izmir Demir Celik has decreased its 12-32 mm rebar prices by TRY 33/mt to TRY 2,339/mt ($412/mt) ex-works, both excluding 18 percent 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)

02.10.2019

02.10.2019

Marmara

8 mm

2,339

412

-17

0

Marmara

12 mm

2,322

409

-17

0

Iskenderun

8 mm

2,381

419

0

+3

Iskenderun

10 mm

2,369

417

0

+3

Iskenderun

12 mm

2,356

415

0

+3

Izmir

8 mm

2,331

410

-8

+1

Izmir

10 mm

2,322

409

-9

+2

Izmir

12 mm

2,314

407

-8

+1

Karabuk

8 mm

2,356

415

-8

+2

Karabuk

12 mm

2,339

412

-8

+2

 

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

$1 = 5.68 TRY

 


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