Prices in the local Turkish rebar market have continued their downtrend due to the weakness of demand after the end-of-Ramadan holiday and due to the ongoing fall in import scrap quotations.
Additionally, today, Turkish mill Izmir Demir Celik has announced its 12-32 mm rebar prices at TRY 2,754/mt ($475/mt) ex-works, while Icdas has reduced its 12-32 mm rebar prices by TRY 85/mt to TRY 2,780/mt ($479/mt) ex-works, both excluding VAT.
As of today, June 10, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
31.05.2019 |
31.05.2019 |
||||||
Marmara |
8 mm |
2,797 |
482 |
↓ |
42 |
↓ |
2 |
Marmara |
12 mm |
2,780 |
479 |
↓ |
42 |
↓ |
2 |
Iskenderun |
8 mm |
2,780 |
479 |
↓ |
59 |
↓ |
5 |
Iskenderun |
10 mm |
2,767 |
477 |
↓ |
59 |
↓ |
4 |
Iskenderun |
12 mm |
2,754 |
475 |
↓ |
60 |
↓ |
4 |
Izmir |
8 mm |
2,771 |
478 |
↓ |
68 |
↓ |
6 |
Izmir |
10 mm |
2,763 |
476 |
↓ |
68 |
↓ |
6 |
Izmir |
12 mm |
2,754 |
475 |
↓ |
68 |
↓ |
6 |
Karabuk |
8 mm |
2,788 |
481 |
↓ |
43 |
↓ |
1 |
Karabuk |
12 mm |
2,771 |
478 |
↓ |
43 |
↓ |
1 |
All prices are ex-warehouse and on actual weight basis and exclude 18 percent VAT.
$1 = TRY 5.80