Demand in the local Turkish rebar market is still at low levels. Buyers in the market are maintaining their wait-and-see stance as regards new purchases since they cannot predict the future trend of the Turkish lira-US dollar exchange rate.
Today, Turkish mill Icdas has kept its 12-32 mm rebar prices stable at TRY 2,960/mt ($474/mt) ex-works, while Izmir Demir Celik has raised its 12-32 mm rebar prices by TRY 42/mt to TRY 2,966/mt ($475/mt) ex-works, both excluding VAT.
As of today, May 9, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
|
07.05.2019 |
07.05.2019 |
||||||
|
Marmara |
8 mm |
2,932 |
470 |
|
0 |
↓ |
8 |
|
Marmara |
12 mm |
2,915 |
467 |
|
0 |
↓ |
8 |
|
Iskenderun |
8 mm |
2,847 |
456 |
|
0 |
↓ |
8 |
|
Iskenderun |
10 mm |
2,835 |
454 |
|
0 |
↓ |
8 |
|
Iskenderun |
12 mm |
2,822 |
452 |
|
0 |
↓ |
8 |
|
Izmir |
8 mm |
2,915 |
467 |
|
0 |
↓ |
8 |
|
Izmir |
10 mm |
2,907 |
466 |
|
0 |
↓ |
7 |
|
Izmir |
12 mm |
2,898 |
464 |
|
0 |
↓ |
8 |
|
Karabuk |
8 mm |
2,881 |
462 |
|
0 |
↓ |
7 |
|
Karabuk |
12 mm |
2,864 |
459 |
|
0 |
↓ |
8 |
All prices are ex-warehouse and on actual weight basis and exclude 18 percent VAT.
$1 = TRY 6.24