Local Turkish rebar spot prices increase in all regions

Friday, 01 November 2019 16:35:47 (GMT+3)   |   Istanbul
       

Rebar spot prices in Turkey have moved up today, November 1 due to the depreciation of the Turkish lira against the US dollar. Today, November 1, Turkish mill Icdas has increased its 12-32 mm rebar prices by TRY 17/mt ($3/mt) to TRY 2,466/mt ($430/mt) ex-works, while Izmir Demir Celik has kept its 12-32 mm rebar prices at TRY 2,432/mt ($424 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)

31.10.2019

31.10.2019

Marmara

8 mm

2,441

426

+9

0

Marmara

12 mm

2,424

423

+9

0

Iskenderun

8 mm

2,441

426

+9

0

Iskenderun

10 mm

2,428

424

+9

0

Iskenderun

12 mm

2,415

422

+8

0

Izmir

8 mm

2,432

424

+17

+1

Izmir

10 mm

2,424

423

+17

+1

Izmir

12 mm

2,415

422

+17

+2

Karabuk

8 mm

2,432

424

+17

+2

Karabuk

12 mm

2,415

422

+17

+2

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

$1 = TRY 5.73

 


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