Changes of trend in local Turkish rebar market

Thursday, 16 June 2016 15:56:20 (GMT+3)   |   Istanbul
       

Buyers in the local Turkish rebar market are still only concluding purchases in line with their needs due to the approaching end-of-Ramadan holiday (July 4-7), while demand in the market has remained sluggish since June 13. Some traders in the local Turkish rebar market have reduced their prices week on week since the increases recorded last week were believed to be unsustainable unless supported by an improvement in demand, as mentioned by SteelOrbis on June 13. As a result, prices in Turkey's Marmara and Karabuk regions have remained unchanged week on week, while in other regions of the country the upward trend of the local Turkish rebar market has given way to downward movement.
 
As of today, June 16, traders' rebar offers in the Turkish domestic market are as follows:

RegionDimensionPrice (TRY/mt)Price ($/mt)Price changes (TRY/mt)Price changes ($/mt)
13.06.201613.06.2016
Marmara8 mm1,21241401
Marmara12 mm1,19540802
Iskenderun8 mm1,169399188
Iskenderun10 mm1,161396178
Iskenderun12 mm1,153393178
Izmir8 mm1,18640595
Izmir10 mm1,17840295
Izmir12 mm1,16939995
Karabuk8 mm1,19540802
Karabuk12 mm1,17840202

All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.93


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet