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:

RegionDimensionPrice (TRY/mt)Price ($/mt)Price changes (TRY/mt)Price changes ($/mt)
16.06.201616.06.2016
Marmara8 mm1,195412172
Marmara12 mm1,178406172
Iskenderun8 mm1,1193865013
Iskenderun10 mm1,113835113
Iskenderun12 mm1,1023805113
Izmir8 mm1,169403172
Izmir10 mm1,161400172
Izmir12 mm1,153397162
Karabuk8 mm1,178406172
Karabuk12 mm1,161400172

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


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