Demand improves in local Turkish rebar market

Thursday, 20 July 2017 16:58:19 (GMT+3)   |   Istanbul
       

After the weakness of demand seen last week and the market’s quiet start to the current week, demand in the local Turkish rebar market has improved slightly in the middle of this week. With rebar demand improving after the ex-Baltic scrap deal heard in Turkey on July 18 - which confirmed the ongoing upward movement of import scrap prices - domestic rebar quotations have switched from a downward to a rising trend. As a result, domestic rebar prices in Turkey have increased by TRY 5-20/mt compared to price levels recorded on July 17.

As of today, July 20, traders’ rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

17.07.2017

17.07.2017

Marmara

8 mm

1,780

503

17

5

Marmara

12 mm

1,763

498

17

5

Iskenderun

8 mm

1,763

498

9

2

Iskenderun

10 mm

1,754

496

8

3

Iskenderun

12 mm

1,746

493

9

2

Izmir

8 mm

1,737

491

4

1

Izmir

10 mm

1,729

488

4

1

Izmir

12 mm

1,720

486

4

1

Karabuk

8 mm

1,771

500

17

4

Karabuk

12 mm

1,754

496

17

5

 

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

$1 = TRY 3.54


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