Local Turkish rebar market continues its upward trend

Monday, 13 June 2016 17:14:44 (GMT+3)   |   Istanbul
       

Starting this week, prices in the local Turkish rebar market have continued to increase despite weak demand. Last week, Turkish producers increased their rebar prices for the domestic market, following the acceleration of their scrap bookings and their rebar sales to the export markets. As a result of this uptrend of producers’ prices in the Turkish rebar market at the start of this week, local traders have continued to increase their prices in the spot market. However, market players state that it is difficult for the new price levels in the spot market to gain acceptance the unless price increases are supported by an improvement in demand.   
 
As of today, June 13, 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)
09.06.2016 09.06.2016
Marmara 8 mm 1,212 415 26 6
Marmara 12 mm 1,195 410 26 6
Iskenderun 8 mm 1,187 407 51 15
Iskenderun 10 mm 1,178 404 51 15
Iskenderun 12 mm 1,170 401 51 15
Izmir 8 mm 1,195 410 42 12
Izmir 10 mm 1,187 407 42 12
Izmir 12 mm 1,178 404 42 12
Karabuk 8 mm 1,195 410 26 7
Karabuk 12 mm 1,178 404 26 7
 
All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.92


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