Local Turkish rebar spot prices fall sharply

Wednesday, 04 September 2019 16:34:34 (GMT+3)   |   Istanbul
       

Today, September 4, spot rebar prices in Turkey have fallen sharply due to the strong drop recorded in import scrap quotations.

Meantime, today, Turkish mill Icdas has reduced its 12-32 mm rebar prices by TRY 51/mt to TRY 2,542/mt ($448/mt) ex-works, while Izmir Demir Celik has also cut its 12-32 mm rebar prices by TRY 85/mt to TRY 2,500/mt ($440/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)

03.09.2019

03.09.2019

Marmara

8 mm

2,508

442

-60

-5

Marmara

12 mm

2,492

439

-59

-5

Iskenderun

8 mm

2,525

445

-43

-2

Iskenderun

10 mm

2,513

442

-42

-2

Iskenderun

12 mm

2,500

440

-42

-2

Izmir

8 mm

2,508

442

-51

-3

Izmir

10 mm

2,500

440

-51

-4

Izmir

12 mm

2,492

439

-50

-3

Karabuk

8 mm

2,500

440

-51

-4

Karabuk

12 mm

2,483

437

-51

-4

 

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

$1 = TRY 5.68

 


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