Spot prices in local Turkish rebar market move down except in Karabuk region

Friday, 19 July 2019 16:45:23 (GMT+3)   |   Istanbul
       

Following the appreciation of the Turkish lira against the US dollar, domestic rebar prices in Turkey have mostly moved down with the attribution of the weakness of demand, except in Turkey’s Karabuk region where prices have remained stable. Meanwhile, market players in the local Turkish rebar market are waiting impatiently for the Central Bank of Turkey’s decision on interest rates to be announced on July 25.

Today, July 19, Turkish mill Izmir Demir Celik has decreased its 12-32 mm rebar prices by TRY 42/mt to TRY 2,653/mt ($470/mt) ex-works, while Icdas has decreased its 12-32 mm rebar prices by TRY 20/mt to TRY 2,680/mt ($475/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)

18.07.2019

18.07.2019

Marmara

8 mm

2,636

467

8

3

Marmara

12 mm

2,619

464

8

3

Iskenderun

8 mm

2,619

464

17

2

Iskenderun

10 mm

2,606

462

17

2

Iskenderun

12 mm

2,593

460

17

2

Izmir

8 mm

2,619

464

8

3

Izmir

10 mm

2,610

463

9

4

Izmir

12 mm

2,602

461

8

3

Karabuk

8 mm

2,619

464

 

0

5

Karabuk

12 mm

2,602

461

 

0

5

 

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

$1 = TRY 5.64


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