Local Turkish rebar spot prices mostly increase slightly

Tuesday, 14 January 2020 17:51:15 (GMT+3)   |   Istanbul
       

Rebar spot prices in the local Turkish market have increased by TRY 8-17/mt as of today, January 14, as compared to yesterday, due to the depreciation of the Turkish lira against the US dollar. However, market sources indicate that rebar spot prices have moved sideways in the Izmir region and that a deal for approximately 1,000-2,000 mt was concluded in the region at TRY 2,593/mt, excluding VAT.

Today, Turkish mills Icdas and Izmir Demir Celik (IDC) has kept their rebar prices stable at TRY 2,644/mt ($450/mt). Prices exclude 18 percent VAT.

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)

13.01.2020

13.01.2020

Marmara

8 mm

2,610

445

+8

+1

Marmara

12 mm

2,593

442

+8

+1

Iskenderun

8 mm

2,619

446

+9

+1

Iskenderun

10 mm

2,606

444

+9

+1

Iskenderun

12 mm

2,593

442

+8

+1

Izmir

8 mm

2,610

445

-

-

Izmir

10 mm

2,602

443

-

-1

Izmir

12 mm

2,593

442

-

-

Karabuk

8 mm

2,602

443

+7

+2

Karabuk

12 mm

2,585

440

+7

+2

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

$1 = TRY 5.87

 


Most Recent Related Articles

Turkish mill Icdas decreases its rebar price significantly

Local Turkish rebar spot prices mostly increase

Turkish exporters seek to maintain their longs prices

Turkish mill Kardemir opens and closes its rebar sales

Local Turkish rebar spot prices increase further