Quiet trading activity in local Turkish rebar market

Monday, 09 January 2017 15:28:48 (GMT+3)   |   Istanbul
       

In the past week, buyers in the local Turkish rebar market have preferred to keep a close eye on the market while postponing their purchases amid the depreciation of the Turkish lira against the US dollar and also due to the harsh winter weather conditions prevailing across Turkey. As a result, demand is still at low levels in the local Turkish rebar market. Meanwhile, domestic rebar prices have increased by TRY 30-60/mt compared to the price levels recorded on January 5 following the significant depreciation of the Turkish lira against the US dollar seen today, January 9. However, prices on US dollar basis have mostly moved down due to the fluctuation of the exchange rate, except in the Marmara region where prices have increased by $1/mt compared to January 5.
 
As of today, January 9, traders' rebar offers in the Turkish domestic market are as follows:

 

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

05.01.2017

05.01.2017

Marmara

8 mm

1,627

436

51

1

Marmara

12 mm

1,610

432

51

1

Iskenderun

8 mm

1,585

425

43

1

Iskenderun

10 mm

1,576

423

42

1

Iskenderun

12 mm

1,568

420

43

1

Izmir

8 mm

1,602

429

43

2

Izmir

10 mm

1,593

427

42

1

Izmir

12 mm

1,585

425

43

1

Karabuk

8 mm

1,576

423

25

5

Karabuk

12 mm

1,559

418

25

6

All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 3.73


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