Sluggish demand in local Turkish rebar market

Thursday, 24 November 2016 17:28:43 (GMT+3)   |   Istanbul
       

Trading activity in the local Turkish rebar market has been slow since the beginning of the current week, while buyers, whose inventories are currently full, have maintained a wait-and-see stance due to the uncertainty prevailing in the market amid the ongoing depreciation of the Turkish lira against the US dollar. Demand is still sluggish, having failed to improve from the low levels seen at the beginning of the current week. Meanwhile, domestic rebar prices in Turkey have fallen by TRY 10-30/mt since November 21. 
 
As of today, November 24, 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)

21.11.2016

21.11.2016

Marmara

8 mm

1,500

437

8

9

Marmara

12 mm

1,483

432

9

9

Iskenderun

8 mm

1,441

420

17

11

Iskenderun

10 mm

1,432

418

17

11

Iskenderun

12 mm

1,424

415

17

11

Izmir

8 mm

1,466

427

17

12

Izmir

10 mm

1,458

425

17

11

Izmir

12 mm

1,449

422

17

12

Karabuk

8 mm

1,458

425

25

14

Karabuk

12 mm

1,441

420

25

14

All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 3.43


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