Local Turkish rebar spot prices remain unchanged

Thursday, 18 July 2019 17:19:02 (GMT+3)   |   Istanbul
       

Turkish traders are finding it difficult to reduce their rebar inventory levels with demand in the local Turkish rebar market being at low levels and also due to the fall recorded in domestic billet quotations. Market sources report that large discounts are being offered to buyers who are serious about concluding purchases.

Today, July 18, Turkish mill Izmir Demir Celik has kept its 12-32 mm rebar prices unchanged at TRY 2,695/mt ($473/mt) ex-works, while Icdas has decreased its 12-32 mm rebar prices by TRY 20/mt to TRY 2,700/mt ($474/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)

17.07.2019

17.07.2019

Marmara

8 mm

2,644

464

 

0

1

Marmara

12 mm

2,627

461

 

0

1

Iskenderun

8 mm

2,636

462

 

0

1

Iskenderun

10 mm

2,623

460

 

0

1

Iskenderun

12 mm

2,610

458

 

0

1

Izmir

8 mm

2,627

461

 

0

1

Izmir

10 mm

2,619

459

 

0

1

Izmir

12 mm

2,610

458

 

0

1

Karabuk

8 mm

2,619

459

 

0

1

Karabuk

12 mm

2,602

456

 

0

1

 

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

$1 = TRY 5.70


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