According to market sources, rebar prices in the local Turkish spot market have decreased by around TRY 15-25/mt since July 2, though prices on US dollar basis have declined by $3/mt due to the fluctuation of the exchange rate. Market players state that local rebar prices have been revised downwards due to declining import scrap prices and the ongoing weakness of demand in the Turkish market.
As of today, July 6, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) | |
2.7.2015 | |||||
Marmara | 8 mm | 1,144 | 425 | - | 15 |
Marmara | 12 mm | 1,127 | 419 | - | 15 |
Iskenderun | 8 mm | 1,085 | 403 | - | 15 |
Iskenderun | 10 mm | 1,076 | 400 | - | 15 |
Iskenderun | 12 mm | 1,068 | 397 | - | 15 |
Izmir | 8 mm | 1,131 | 421 | - | 25 |
Izmir | 10 mm | 1,119 | 416 | - | 25 |
Izmir | 12 mm | 1,110 | 413 | - | 25 |
Karabuk | 8 mm | 1,131 | 421 | - | 15 |
Karabuk | 8 mm | 1,114 | 414 | - | 15 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.69