The slight revival in demand recorded in the local Turkish rebar market last week has not been sustained, with trading activity in the market making a quiet start to the current week. Despite the ongoing upward movement of import scrap quotations in Turkey, traders have mostly reduced their domestic rebar prices by TRY 5-10/mt compared to price levels recorded on March 9 due to the weakness of demand, except in the Iskenderun region where prices have remained stable.
As of today, March 13, 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) | ||
09.03.2017 | 09.03.2017 | ||||||
Marmara | 8 mm | 1,712 | 458 | ↓ | 8 | ↓ | 1 |
Marmara | 12 mm | 1,695 | 453 | ↓ | 8 | ↓ | 1 |
Iskenderun | 8 mm | 1,678 | 449 | 0 | ↑ | 2 | |
Iskenderun | 10 mm | 1,669 | 446 | 0 | ↑ | 1 | |
Iskenderun | 12 mm | 1,661 | 444 | 0 | ↑ | 1 | |
Izmir | 8 mm | 1,686 | 451 | ↓ | 9 | ↓ | 1 |
Izmir | 10 mm | 1,678 | 449 | ↓ | 8 | ↓ | 1 |
Izmir | 12 mm | 1,669 | 446 | ↓ | 9 | ↓ | 1 |
Karabuk | 8 mm | 1,682 | 450 | ↓ | 4 | 0 | |
Karabuk | 12 mm | 1,665 | 445 | ↓ | 4 | 0 | |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.74