According to market sources, demand in the local Turkish rebar market has weakened during the past week following the loss of strength of the US dollar against the Turkish lira, while prices have decreased by $10-40/mt in the same period. Meanwhile, sales in the housing sector in Turkey have slowed down ahead of the general election on June 7, negatively impacting rebar demand.
As of today, May 21, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) |
18.05.2015 | ||||
Marmara | 8 mm | 1,271 | 491 | -20 |
Marmara | 12 mm | 1,254 | 484 | -20 |
Iskenderun | 8 mm | 1,263 | 488 | -10 |
Iskenderun | 10 mm | 1,254 | 484 | -10 |
Iskenderun | 12 mm | 1,246 | 481 | -10 |
Izmir | 8 mm | 1,250 | 483 | -40 |
Izmir | 10 mm | 1,237 | 478 | -40 |
Izmir | 12 mm | 1,229 | 474 | -40 |
Karabuk | 8 mm | 1,271 | 491 | -40 |
Karabuk | 8 mm | 1,254 | 484 | -40 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.59