Upward price revision in Turkish rebar spot market

Friday, 22 March 2019 17:15:56 (GMT+3)   |   Istanbul
       

As of today, March 22, rebar offers in the Turkish spot market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

21.03.2019

21.03.2019

Marmara

8 mm

2,797

499

34

8

Marmara

12 mm

2,780

496

34

8

Iskenderun

8 mm

2,797

499

60

3

Iskenderun

10 mm

2,784

497

59

3

Iskenderun

12 mm

2,771

495

59

3

Izmir

8 mm

2,797

499

60

3

Izmir

10 mm

2,788

498

59

3

Izmir

12 mm

2,780

496

60

3

Karabuk

8 mm

2,771

495

42

6

Karabuk

12 mm

2,754

492

42

6


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

Today, Turkish steel mill Izmir Demir Celik announced a TRY 42/mt upward revision in its 12-32 mm rebar sales prices as compared to March 19, with its new price level at TRY 2,797/mt ($499/mt) ex-works, excluding VAT.

$1 = TRY 5.60


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