Local Turkish rebar spot prices move up amid strong scrap prices

Monday, 09 December 2019 17:10:27 (GMT+3)   |   Istanbul
       

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


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