Latest situation in local Turkish rebar spot market

Monday, 25 May 2015 10:22:05 (GMT+3)   |   Istanbul
According to market sources, demand in the Turkish rebar spot market is slack ahead of the general election to be held on June 7. However, contrary to the general trend of the market, demand has increased in Turkey's Izmir region due to an agreement with Azerbaijan's state-run oil company SOCAR to build a petroleum refinery in the region and so local rebar prices in the area have increased.

As of today, May 25, traders' rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

21.05.2015

Marmara

8 mm

1,271

485

0

Marmara

12 mm

1,254

479

0

Iskenderun

8 mm

1,254

479

-10

Iskenderun

10 mm

1,246

475

-10

Iskenderun

12 mm

1,237

472

-10

Izmir

8 mm

1,258

480

+10

Izmir

10 mm

1,246

475

+10

Izmir

12 mm

1,237

472

+10

Karabuk

8 mm

1,267

484

-5

Karabuk

8 mm

1,250

477

-5

All prices are ex-warehouse and on actual weight basis and exclude VAT.

$1 = TRY 2.62


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