Local Turkish rebar spot prices move down only in Marmara and Iskenderun

Thursday, 21 November 2019 17:31:16 (GMT+3)   |   Istanbul
       

Today, November 21, rebar spot prices in Turkey’s Marmara and Iskenderun regions have decreased due weaker demand, while prices in other regions have remained stable.

Today, Turkish mill Icdas has kept its 12-32 mm rebar prices at TRY 2,492/mt ($438/mt) ex-works, while Izmir Demir Celik has also kept its 12-32 mm rebar prices at TRY 2,458/mt ($432 mt) ex-works, both excluding 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)

20.11.2019

20.11.2019

Marmara

8 mm

2,432

427

-17

-3

Marmara

12 mm

2,415

424

-17

-3

Iskenderun

8 mm

2,449

430

-17

-3

Iskenderun

10 mm

2,436

428

-17

-3

Iskenderun

12 mm

2,424

426

-17

-3

Izmir

8 mm

2,441

429

0

0

Izmir

10 mm

2,432

427

0

0

Izmir

12 mm

2,424

426

0

0

Karabuk

8 mm

2,424

426

0

0

Karabuk

12 mm

2,407

423

0

0

 

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

$1 = TRY 5.69


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