Downward movement in local Turkish rebar market

Monday, 20 June 2016 17:24:22 (GMT+3)   |   Istanbul

Buyers in the local Turkish rebar market are still only concluding purchases in line with their needs due to Ramadan, while since the end of last week demand in the market has continued to be sluggish. Market sources state that the traditional summer offseason for business has begun with the sharp increases seen in temperatures, while they also state that the current situation is normal and that they are not expecting any improvement in demand in the local Turkish rebar market before the end of Ramadan.
 
As of today, June 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)
16.06.2016 16.06.2016
Marmara 8 mm 1,195 412 17 2
Marmara 12 mm 1,178 406 17 2
Iskenderun 8 mm 1,119 386 50 13
Iskenderun 10 mm 1,11 383 51 13
Iskenderun 12 mm 1,102 380 51 13
Izmir 8 mm 1,169 403 17 2
Izmir 10 mm 1,161 400 17 2
Izmir 12 mm 1,153 397 16 2
Karabuk 8 mm 1,178 406 17 2
Karabuk 12 mm 1,161 400 17 2

All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.90
 


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