The US dollar has remained strong against the Turkish lira, while the Turkish rebar spot market, where transactions are still only for small volumes, has been quiet today, September 6 in terms of activity. Both buyers and traders in the local market have started to keep a close eye on global developments such as the increased tensions in Syria and news from the US Federal Reserve, while market players believe that it is best to adopt a cautious approach in the current market conditions. Meanwhile, local rebar prices are expected to remain at their current levels next week, if the dollar continues its strong trend against the lira.
As of today, September 6, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TL/mt) | Price ($/mt) | Price changes (TRY/mt) 4.9.2013 |
Marmara | 8 mm | 1,460 | 604 | +5 |
Marmara | 12 mm | 1,440 | 595 | +5 |
Iskenderun | 8 mm | 1,445 | 597 | +10 |
Iskenderun | 10 mm | 1,435 | 593 | +10 |
Iskenderun | 12 mm | 1,425 | 589 | +10 |
Izmir | 8 mm | 1,440 | 595 | +5 |
Izmir | 10 mm | 1,425 | 589 | +5 |
Izmir | 12 mm | 1,415 | 585 | +5 |
Karabuk | 8 mm | 1,440 | 595 | +5 |
Karabuk | 12 mm | 1,420 | 587 | +5 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 2.05
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.