Local Turkish market starts week with decline in prices

Monday, 26 September 2016 16:49:30 (GMT+3)   |   Istanbul

Due to the Turkish lira starting the current week on a downward trend against the US dollar, price inquiries in the local Turkish rebar market have declined, while trading activity in the market has slowed down. Meanwhile, buyers are only concluding rebar purchases in line with their needs and demand is still weak.
 
As of today, September 26, 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)
22.09.2016 22.09.2016
Marmara 8 mm 1,153 385 16 11
Marmara 12 mm 1,136 380 17 11
Iskenderun 8 mm 1,144 383 9 8
Iskenderun 10 mm 1,136 380 8 8
Iskenderun 12 mm 1,127 377 9 8
Izmir 8 mm 1,127 377 17 11
Izmir 10 mm 1,119 374 17 11
Izmir 12 mm 1,11 371 17 11
Karabuk 8 mm 1,153 385 16 11
Karabuk 12 mm 1,136 380 17 11

All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.99


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