Local Turkish rebar spot prices have increased by TRY 17-51/mt compared to December 6. Market sources indicate that there may be sales of small tonnages in the Izmir region, but most buyers are expected to maintain a wait-and-see stance in the local market. Moreover, SteelOrbis has heard that rebar producers are offering discounts of TRY 20-40/mt for serious buyers in most regions of the country, trying to stimulate their sales.
Today, December 9, Turkish mill Icdas has increased by TRY 42/mt its 12-32 mm rebar prices to TRY 2,576/mt ($444/mt) ex-works, while Izmir Demir Celik has kept its 12-32 mm rebar prices at TRY 2,585/mt ($446 mt) ex-works, both excluding VAT.
As of today, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
06.12.2019 |
06.12.2019 |
||||
Marmara |
8 mm |
2,576 |
444 |
+25 |
+1 |
Marmara |
12 mm |
2,559 |
441 |
+25 |
+1 |
Iskenderun |
8 mm |
2,627 |
453 |
+51 |
+6 |
Iskenderun |
10 mm |
2,614 |
451 |
+50 |
+6 |
Iskenderun |
12 mm |
2,602 |
449 |
+51 |
+6 |
Izmir |
8 mm |
2,576 |
444 |
+17 |
0 |
Izmir |
10 mm |
2,568 |
443 |
+17 |
0 |
Izmir |
12 mm |
2,559 |
441 |
+17 |
0 |
Karabuk |
8 mm |
2,559 |
441 |
+25 |
+1 |
Karabuk |
12 mm |
2,542 |
438 |
+25 |
+1 |
All prices are ex-warehouse and on actual weight basis and exclude 18 percent VAT.
$1 = TRY 5.80