Prices move up in local Turkish rebar market

Thursday, 26 November 2015 15:13:43 (GMT+3)   |   Istanbul
       

According to market sources, rebar prices in the local Turkish spot market have increased by TRY 10-30/mt compared to November 23. On the other hand, prices on US dollar basis have risen by $2/mt on the lower end and declined by $5/mt on the upper end due to the fluctuation of the exchange rate in the same period. Market sources state that Turkish producers have adjusted their rebar prices upwards on Turkish lira basis due to the strengthening of the US dollar against the Turkish lira. However, demand for rebar in the local Turkish spot market has remained quiet during the past week.
 
As of today, November 26, traders' rebar offers in the Turkish domestic market are as follows:

 

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

23.11.2015

Marmara

8 mm

1,068

368

10

Marmara

12 mm

1,051

362

10

Iskenderun

8 mm

1,000

345

30

Iskenderun

10 mm

992

342

30

Iskenderun

12 mm

983

339

30

Izmir

8 mm

1,038

358

20

Izmir

10 mm

1,025

354

20

Izmir

12 mm

1,017

351

20

Karabuk

8 mm

1,042

359

20

Karabuk

8 mm

1,025

354

20

All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.90


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