Turkish domestic rebar prices have start the week with declines, with price levels for 12 mm rebar down by TRY 10-30/mt or by $3-6/mt compared to Friday, March 27, due to the negative sentiment in the import scrap segment and weak demand, market sources report. As a result, 12 mm rebar prices have opened the week at TRY 2,860-2,950/mt ex-warehouse.
Today, March 30, Turkish mill Icdas has decreased its 12-32 mm rebar price by TRY 20/mt ($4/mt) to TRY 3,000/mt ($392/mt) ex-works. Izmir Demir Celik (IDC) is offering at the same price as Icdas, with its prices down TRY 50/mt on Turkish lira basis and $8/mt on US dollar basis compared to Friday, March 27. Some Marmara-based mills have increased their 12 mm rebar price by TRY 14/mt to TRY 2,987/mt ($390/mt) ex-works, with their dollar prices remaining unchanged.
As of today, rebar offers in the Turkish spot market are as follows:
|
Region |
Dimension |
Price ($/mt) |
Price (TRY/mt) |
Price changes ($/mt) |
Price changes (TRY/mt) |
|
27.03.2020 |
27.03.2020 |
||||
|
Marmara |
8 mm |
388 |
2,970 |
-6 |
-30 |
|
Marmara |
12 mm |
385 |
2,950 |
-6 |
-30 |
|
Iskenderun |
8 mm |
377 |
2,890 |
-5 |
-20 |
|
Iskenderun |
10 mm |
375 |
2,875 |
-5 |
-20 |
|
Iskenderun |
12 mm |
373 |
2,860 |
-5 |
-20 |
|
Izmir |
8 mm |
384 |
2,940 |
-4 |
-20 |
|
Izmir |
10 mm |
383 |
2,930 |
-4 |
-20 |
|
Izmir |
12 mm |
381 |
2,920 |
-5 |
-20 |
|
Karabuk |
8 mm |
379 |
2,900 |
-3 |
-10 |
|
Karabuk |
12 mm |
376 |
2,880 |
-3 |
-10 |
All prices are ex-warehouse and on actual weight basis. Prices on Turkish lira basis include 18 percent VAT, while prices on US dollar basis exclude VAT.
$1 = TRY 6.49