Domestic rebar prices in Turkey increase further

Monday, 18 July 2016 18:01:02 (GMT+3)   |   Istanbul
       

The upward movement recorded in domestic rebar prices in Turkey towards the end of last week has continued today, July 18. Towards the end of last week, domestic rebar prices in Turkey's Marmara, Izmir and Iskenderun regions had increased, while in Karabuk rebar prices had remained stable. Today, it is observed that domestic rebar quotations in Karabuk have also moved up. On the other hand, demand in the local Turkish rebar market has remained weak due to the ongoing political tension in the country. Meanwhile, due to currency fluctuations prices in the local Turkish rebar market have decreased by $4-13/mt on US dollar basis compared to price levels on July 14.
 
As of today, July 14, traders' rebar offers in the Turkish domestic market are as follows:

RegionDimensionPrice (TRY/mt)Price ($/mt)Price changes (TRY/mt)Price changes ($/mt)
14.07.201614.07.2016
Marmara8 mm1,186398013
Marmara12 mm1,169392013
Iskenderun8 mm1,153387012
Iskenderun10 mm1,144384012
Iskenderun12 mm1,136381012
Izmir8 mm1,161390012
Izmir10 mm1,153387012
Izmir12 mm1,144384012
Karabuk8 mm1,186398254
Karabuk12 mm1,169392254

All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.98


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