While the strong position of the Turkish lira against the US dollar have given way to another depreciation trend, Turkish Central Banks also announced a change in its policy for reserve requirement ratios for local exchange deposits and participation funds yesterday. In the light of these developments, spot prices in the local Turkish rebar market have increased sharply.
Today, Icdas has increased its 12-32 mm rebar prices by TRY 51/mt at TRY 2,619/mt ($460/mt) ex-works, excluding VAT.
As of today, August 20, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
|
19.08.2018 |
19.08.2018 |
||||
|
Marmara |
8 mm |
2,576 |
453 |
+34 |
-1 |
|
Marmara |
12 mm |
2,559 |
450 |
+34 |
-1 |
|
Iskenderun |
8 mm |
2,576 |
453 |
+84 |
+8 |
|
Iskenderun |
10 mm |
2,564 |
451 |
+85 |
+8 |
|
Iskenderun |
12 mm |
2,551 |
448 |
+85 |
+8 |
|
Izmir |
8 mm |
2,568 |
451 |
+43 |
0 |
|
Izmir |
10 mm |
2,559 |
450 |
+42 |
+1 |
|
Izmir |
12 mm |
2,551 |
448 |
+43 |
0 |
|
Karabuk |
8 mm |
2,534 |
445 |
+59 |
+3 |
|
Karabuk |
12 mm |
2,517 |
442 |
+59 |
+3 |
All prices are ex warehouse and on actual weight basis and exclude 18 percent VAT.
$1 = TRY 5.69