Local Turkish rebar spot prices increase slightly

Wednesday, 24 July 2019 17:47:25 (GMT+3)   |   Istanbul
       

While demand in the local Turkish rebar market is still at low levels, domestic rebar prices in Turkey have increased slightly today, July 24, due to the Turkish lira losing strength against the US dollar. SteelOrbis has been informed that buyers are still exerting pressure on prices and that discounts on list prices for serious buyers are available.

Today, July 24, Turkish mill Izmir Demir Celik has increased its 12-32 mm rebar prices by TRY 25/mt to TRY 2,695/mt ($472/mt) ex-works, while Icdas has increased its 12-32 mm rebar prices by TRY 20/mt to TRY 2,720/mt ($476/mt) ex-works, both excluding VAT.

SteelOrbis has also been informed that, having opened it rebar sales yesterday, July 23, Turkish mill Kardemir has concluded sales for about 21,500 mt of rebar as of today.

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)

22.07.2019

22.07.2019

Marmara

8 mm

2,661

466

17

 

0

Marmara

12 mm

2,644

463

17

 

0

Iskenderun

8 mm

2,644

463

17

 

0

Iskenderun

10 mm

2,631

461

17

1

Iskenderun

12 mm

2,619

459

17

1

Izmir

8 mm

2,644

463

17

 

0

Izmir

10 mm

2,636

462

17

1

Izmir

12 mm

2,627

460

17

 

0

Karabuk

8 mm

2,636

462

9

1

Karabuk

12 mm

2,619

459

9

1

 

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

$1 = TRY 5.71


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