Despite the general sideways movement observed in other regions, rebar spot prices in Turkey’s İzmir region have decreased by TRY 10/mt ($1-2/mt) today, January 17, mainly due to the weakness of demand and an Izmir-based Turkish producer’s decision to cut its sales price. No fresh deal is heard as the week ends.
Today, Turkish mill Icdas has kept its 12-32 mm rebar prices at $451/mt ex-works, while Izmir Demir Celik (IDC) has reduced its prices for the same product by $10/mt to $441/mt. Prices exclude 18 percent VAT.
As of today, rebar offers in the local Turkish spot market are as follows:
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
16.01.2020 |
16.01.2020 |
||||
Marmara |
8 mm |
443 |
3,060 |
0 |
0 |
Marmara |
12 mm |
440 |
3,040 |
0 |
0 |
Iskenderun |
8 mm |
443 |
3,060 |
0 |
0 |
Iskenderun |
10 mm |
440 |
3,045 |
0 |
0 |
Iskenderun |
12 mm |
438 |
3,030 |
0 |
0 |
Izmir |
8 mm |
443 |
3,060 |
-1 |
-10 |
Izmir |
10 mm |
441 |
3,050 |
-2 |
-10 |
Izmir |
12 mm |
440 |
3,040 |
-1 |
-10 |
Karabuk |
8 mm |
441 |
3,050 |
0 |
0 |
Karabuk |
12 mm |
438 |
3,030 |
0 |
0 |
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 5.86