Local Turkish rebar spot prices mostly down by TRY 10/mt

Thursday, 18 June 2020 17:05:18 (GMT+3)   |   Istanbul
       

Today, June 18, Turkish domestic rebar spot prices have mainly dropped by TRY 10/mt ($2/mt) to TRY 3,420-3,470/mt ($422-429/mt) ex-warehouse depending on the region. In the Marmara region, rebar spot prices have remained unchanged for now. In the producers’ segment, offers have been kept at TRY 3,470-3,520/mt ($429-435/mt) ex-works, while trade has been minimal lately, taking into account that a lot of buyers have already restocked. In addition, import scrap prices have weakened in the most recent deal, which has caused rebar customers to take a step back from purchases and watch the market development, SteelOrbis understands.

As of today, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price ($/mt)

Price (TRY/mt)

Price changes ($/mt)

Price changes (TRY/mt)

17.06.2020

17.06.2020

Marmara

8 mm

429

3,470

-1

0

Marmara

12 mm

426

3,450

-1

0

Iskenderun

8 mm

432

3,500

-2

-10

Iskenderun

10 mm

431

3,485

-2

-10

Iskenderun

12 mm

429

3,470

-2

-10

Izmir

8 mm

427

3,460

-2

-10

Izmir

10 mm

426

3,450

-2

-10

Izmir

12 mm

425

3,440

-2

-10

Karabuk

8 mm

425

3,440

-2

-10

Karabuk

12 mm

422

3,420

-2

-10

All prices are ex-warehouse and on actual weight basis. Prices on Turkish lira basis include 18 percent VAT, while prices on US dollar basis exclude VAT. 

$1 = TRY 6.86


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