Local Turkish rebar spot prices soften as week ends

Friday, 19 June 2020 17:29:45 (GMT+3)   |   Istanbul
       

Today, Friday, June 19, Turkish domestic rebar spot prices have decreased by TRY 20-30/mt ($2-4/mt) over the day to TRY 3,400-3,450/mt ($420-426/mt) ex-warehouse depending on the region.

Most Turkish mills have set their rebar prices at TRY 3,470-3,480/mt ($429-430/mt) ex-works, down $5/mt on the higher end, specifically in the Marmara and Izmir regions. The key reason is the weaker scrap price, coupled with low rebar trading activity.No fresh rebar sales have been heard.

As of today, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price ($/mt)

Price (TRY/mt)

Price changes ($/mt)

Price changes (TRY/mt)

18.06.2020

18.06.2020

Marmara

8 mm

426

3,450

-2

-20

Marmara

12 mm

424

3,430

-2

-20

Iskenderun

8 mm

430

3,480

-2

-20

Iskenderun

10 mm

428

3,465

-2

-20

Iskenderun

12 mm

426

3,450

-2

-20

Izmir

8 mm

424

3,430

-4

-30

Izmir

10 mm

422

3,420

-4

-30

Izmir

12 mm

421

3,410

-4

-30

Karabuk

8 mm

422

3,420

-2

-20

Karabuk

12 mm

420

3,400

-2

-20

All prices are ex-warehouse and on actual weight basis. Prices on Turkish lira basis include 18 percent VAT, while prices on US dollar basis exclude VAT. 

$1 = TRY 6.86


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