Transaction activity declines in Turkish rebar market due to cold weather

Thursday, 08 January 2015 17:40:31 (GMT+3)   |   Istanbul
       

The current cold and snowy weather conditions in Turkey have negatively impacted transaction activity in the country's local rebar market over the past week, causing prices to fall. Traders' prices in most regions have declined in the same period, weakening sentiment in the local Turkish rebar market which had improved after import scrap deals were concluded at increased levels.

As of today, January 8, traders' rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

5.1.2015

Marmara

8 mm

1,420

523

-20

Marmara

12 mm

1,400

516

-20

Iskenderun

8 mm

1,340

494

-25

Iskenderun

10 mm

1,330

490

-25

Iskenderun

12 mm

1,320

486

-25

Izmir

8 mm

1,405

518

-10

Izmir

10 mm

1,390

512

-10

Izmir

12 mm

1,380

508

-10

Karabuk

8 mm

1,370

505

-10

Karabuk

12 mm

1,350

497

-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 2.30


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