Turkish domestic rebar prices remain stable

Monday, 05 August 2019 17:37:57 (GMT+3)   |   Istanbul
       

Local rebar prices have remained stable in Turkey at the beginning of the new week with no fresh announcements from key producers. Traders are said to be operating with low stocks, while end-user demand is still rather weak. No recovery is expected in the short run, in particular due to the upcoming holidays. However, some positive changes may be possible in the longer term, following the reduction of the interest rates announced by the Turkish Central Bank on July 25, SteelOrbis understands.

As of today, August 5, rebar offers in the local Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

02.08.2019

02.08.2019

Marmara

8 mm

2,576

465

 

0

5

Marmara

12 mm

2,559

462

 

0

5

Iskenderun

8 mm

2,559

462

 

0

5

Iskenderun

10 mm

2,547

460

 

0

5

Iskenderun

12 mm

2,534

457

 

0

5

Izmir

8 mm

2,559

462

 

0

5

Izmir

10 mm

2,551

460

 

0

4

Izmir

12 mm

2,542

459

 

0

5

Karabuk

8 mm

2,542

459

 

0

5

Karabuk

12 mm

2,525

456

 

0

5

 

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

$1 = TRY 5.54


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