According to market sources, demand in the local Turkish rebar spot market has slightly revived over the past week, while rebar prices in the market have increased by $10-35/mt in the same period. Turkish traders have been forced to increase their prices due to the strong trend of the US dollar against the Turkish lira, while they state that their problems with cash flow still continue.
As of today, May 4, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) |
30.4.2015 | ||||
Marmara | 8 mm | 1,322 | 488 | +20 |
Marmara | 12 mm | 1,305 | 482 | +20 |
Iskenderun | 8 mm | 1,275 | 471 | +35 |
Iskenderun | 10 mm | 1,267 | 468 | +35 |
Iskenderun | 12 mm | 1,258 | 464 | +35 |
Izmir | 8 mm | 1,284 | 474 | +10 |
Izmir | 10 mm | 1,271 | 469 | +10 |
Izmir | 12 mm | 1,263 | 466 | +10 |
Karabuk | 8 mm | 1,288 | 475 | +30 |
Karabuk | 8 mm | 1,271 | 469 | +30 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.71