Tight availability in local Turkish rebar spot market

Thursday, 30 April 2015 10:29:23 (GMT+3)   |   Istanbul
       

According to market sources, demand in the local Turkish rebar spot market has been low since the beginning of the current week, while rebar prices in the market have declined by $10-30/mt in the same period, except local prices in the Izmir region. Market players state that the Turkish rebar spot market is experiencing tightness in availability due to ongoing production cuts at some Turkish mills. Meanwhile, the US dollar is still gaining strength against the Turkish lira, causing tighter liquidity for buyers and dealers in the market.

As of today, April 30, traders' rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

27.4.2015

Marmara

8 mm

1,305

487

-10

Marmara

12 mm

1,288

481

-10

Iskenderun

8 mm

1,246

465

-30

Iskenderun

10 mm

1,237

462

-30

Iskenderun

12 mm

1,229

459

-30

Izmir

8 mm

1,275

476

-

Izmir

10 mm

1,263

471

-

Izmir

12 mm

1,254

468

-

Karabuk

8 mm

1,263

471

-10

Karabuk

8 mm

1,246

465

-10

All prices are ex-warehouse and on actual weight basis and exclude VAT.

$1 = TRY 2.68


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