Demand in the local Turkish rebar spot market has remained weak since our last report on January 19, while traders' offers have failed to maintain the increases in rebar prices recorded after Turkish lira lost strength against the US dollar at the beginning of the week and prices have softened again.
As of today, January 22, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
19.1.2015 |
||||
Marmara |
8 mm |
1,400 |
509 |
-10 |
Marmara |
12 mm |
1,380 |
502 |
-10 |
Iskenderun |
8 mm |
1,350 |
491 |
-10 |
Iskenderun |
10 mm |
1,340 |
487 |
-10 |
Iskenderun |
12 mm |
1,330 |
484 |
-10 |
Izmir |
8 mm |
1,375 |
500 |
-20 |
Izmir |
10 mm |
1,360 |
495 |
-20 |
Izmir |
12 mm |
1,350 |
491 |
-20 |
Karabuk |
8 mm |
1,370 |
498 |
-10 |
Karabuk |
12 mm |
1,350 |
491 |
-10 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 2.33