Local Turkish rebar spot prices increase slightly

Wednesday, 02 October 2019 17:03:44 (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, October 2, due to the Turkish lira losing strength against the US dollar.

Meantime, today, Turkish mill Icdas has kept its 12-32 mm rebar prices at TRY 2,373/mt ($415/mt) ex-works, while Izmir Demir Celik has increased its 12-32 mm rebar prices by TRY 17/mt to TRY 2,373/mt ($415/mt) ex-works, both excluding 18 percent 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)

01.10.2019

01.10.2019

Marmara

8 mm

2,356

412

+17

+2

Marmara

12 mm

2,339

409

+17

+2

Iskenderun

8 mm

2,381

416

+17

+1

Iskenderun

10 mm

2,369

414

+17

+1

Iskenderun

12 mm

2,356

412

+17

+2

Izmir

8 mm

2,339

409

+17

+2

Izmir

10 mm

2,331

407

+17

+1

Izmir

12 mm

2,322

406

+17

+2

Karabuk

8 mm

2,364

413

+25

+3

Karabuk

12 mm

2,347

410

+25

+3

 

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

$1 = 5.72 TRY


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