Local Turkish rebar spot prices move sideways

Thursday, 01 August 2019 17:31:30 (GMT+3)   |   Istanbul
       

Due to the approach of the Feast of Sacrifice holiday, some buyers in the local Turkish rebar market have already stopped their purchases. As a result, rebar spot prices in Turkey have moved sideways today, August 1, due to the weakness of demand and also despite the slight depreciation of the Turkish lira against the US dollar. It is observed that only Turkish mill Icdas has increased its domestic rebar prices slightly.

Today, Turkish mill Izmir Demir Celik has kept its 12-32 mm rebar prices stable at TRY 2,601/mt ($465/mt) ex-works, while Icdas has increased its 12-32 mm rebar prices by TRY 10/mt to TRY 2,630/mt ($470/mt) ex-works, both excluding 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)

31.07.2019

31.07.2019

Marmara

8 mm

2,576

460

 

0

6

Marmara

12 mm

2,559

457

 

0

6

Iskenderun

8 mm

2,559

457

 

0

6

Iskenderun

10 mm

2,547

455

 

0

6

Iskenderun

12 mm

2,534

452

 

0

6

Izmir

8 mm

2,559

457

 

0

6

Izmir

10 mm

2,551

456

 

0

5

Izmir

12 mm

2,542

454

 

0

6

Karabuk

8 mm

2,542

454

 

0

6

Karabuk

12 mm

2,525

451

 

0

6

 

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

$1 = TRY 5.60


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