Prices increase in local Turkish rebar spot market

Monday, 04 May 2015 10:28:26 (GMT+3)   |   Istanbul
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


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