After the Turkish lira had recovered some of its strength against the US dollar compared to the beginning of last week, demand in the local Turkish rebar market showed a slight improvement at the beginning of the current week. However, buyers in the local Turkish rebar market have maintained their cautious stance since January 16 amid the fluctuating trend of the Turkish lira-US dollar exchange rate and also due to the ongoing political uncertainties in Turkey.
Under the current circumstances, it is observed that buyers in the local Turkish rebar market are still postponing their purchases, while domestic rebar prices in Turkey have declined by TRY 30-40/mt compared to price levels recorded on January 16.
As of today, January 19, 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) | ||
16.01.2017 | 16.01.2017 | ||||||
Marmara | 8 mm | 1,627 | 426 | ↓ | 34 | ↓ | 16 |
Marmara | 12 mm | 1,610 | 422 | ↓ | 34 | ↓ | 15 |
Iskenderun | 8 mm | 1,542 | 404 | ↓ | 43 | ↓ | 17 |
Iskenderun | 10 mm | 1,534 | 402 | ↓ | 42 | ↓ | 17 |
Iskenderun | 12 mm | 1,525 | 399 | ↓ | 43 | ↓ | 18 |
Izmir | 8 mm | 1,585 | 415 | ↓ | 25 | ↓ | 13 |
Izmir | 10 mm | 1,576 | 413 | ↓ | 26 | ↓ | 13 |
Izmir | 12 mm | 1,568 | 410 | ↓ | 25 | ↓ | 14 |
Karabuk | 8 mm | 1,576 | 413 | ↓ | 34 | ↓ | 15 |
Karabuk | 12 mm | 1,559 | 408 | ↓ | 34 | ↓ | 16 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.82