Local rebar spot prices in Turkey have increased today, November 6, due to higher import scrap quotations recorded in the latest deals.
Today, Turkish mill Icdas has increased its 12-32 mm rebar prices by TRY 17/mt ($2/mt) to TRY 2,475/mt ($430/mt) ex-works, while Izmir Demir Celik has increased its 12-32 mm rebar prices by TRY 51/mt ($8/mt) to TRY 2,483/mt ($432 mt) ex-works, both excluding VAT. Additionally, market sources report that Turkish rebar mills are offering discounts of TRY 20-40/mt including VAT for serious buyers.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
|
05.11.2019 |
05.11.2019 |
||||
|
Marmara |
8 mm |
2,466 |
429 |
+8 |
+1 |
|
Marmara |
12 mm |
2,449 |
426 |
+8 |
+1 |
|
Iskenderun |
8 mm |
2,483 |
432 |
+34 |
+5 |
|
Iskenderun |
10 mm |
2,470 |
430 |
+34 |
+6 |
|
Iskenderun |
12 mm |
2,458 |
427 |
+34 |
+5 |
|
Izmir |
8 mm |
2,458 |
427 |
+26 |
+3 |
|
Izmir |
10 mm |
2,449 |
426 |
+25 |
+4 |
|
Izmir |
12 mm |
2,441 |
424 |
+26 |
+3 |
|
Karabuk |
8 mm |
2,458 |
427 |
+26 |
+3 |
|
Karabuk |
12 mm |
2,441 |
424 |
+26 |
+3 |
All prices are ex-warehouse and on actual weight basis and exclude 18 percent VAT.
$1 = TRY 5.75