Domestic rebar prices in Turkey continue to move down

On the first day of the current week, demand in the local Turkish rebar market has remained at low levels, while rebar prices in the domestic market have declined further compared to the end of last week. Turkish buyers are still postponing their purchases except to meet their immediate needs due to the expectations in the local Turkish market for a further decline in domestic rebar prices.
  
As of today, May 16, 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)
				12.05.2016		12.05.2016
Marmara	8 mm	1,373	464	↓	42	↓	14
Marmara	12 mm	1,356	458	↓	42	↓	14
Iskenderun	8 mm	1,271	429	↓	43	↓	15
Iskenderun	10 mm	1,263	427	↓	42	↓	14
Iskenderun	12 mm	1,254	424	↓	43	↓	14
Izmir	8 mm	1,314	444	↓	67	↓	23
Izmir	10 mm	1,305	441	↓	68	↓	23
Izmir	12 mm	1,297	438	↓	67	↓	23
Karabuk	8 mm	1,305	441	↓	51	↓	17
Karabuk	12 mm	1,288	435	↓	51	↓	17

 
All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.96