Turkish suppliers increase spot rebar prices in Marmara and Karabuk to offset exchange rate

Tuesday, 15 October 2019 17:37:47 (GMT+3)   |   Istanbul
       

Domestic rebar prices in Turkey’s Marmara and Karabuk regions have increased slightly today, October 15. Market sources indicate that rebar supply in Iskenderun and Izmir region is limited, and so prices in those regions have remained stable. Also this tightness in supply in Izmir and Iskenderun regions is leading buyers to turn to Karabuk and Marmara regions for purchases.

Today, October 15, Turkish mill Icdas has kept its 12-32 mm rebar prices unchanged at TRY 2,492/mt ($422/mt) ex-works, while Izmir Demir Celik has increased its price 12-32 mm rebar prices by TRY 42/mt ($9/mt) to TRY 2,500/mt ($424/mt) ex-works, both excluding VAT.

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

14.10.2019

14.10.2019

Marmara

8 mm

2,466

418

+8

+3

Marmara

12 mm

2,449

415

+8

+3

Iskenderun

8 mm

2,525

428

0

+1

Iskenderun

10 mm

2,513

426

0

+2

Iskenderun

12 mm

2,500

424

0

+2

Izmir

8 mm

2,458

417

0

+2

Izmir

10 mm

2,449

415

0

+1

Izmir

12 mm

2,441

414

0

+2

Karabuk

8 mm

2,458

417

+17

+5

Karabuk

12 mm

2,441

414

+17

+5

 

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

$1 = 5.90 TRY

 


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