Even though demand is on the low side, spot prices in the local Turkish rebar market have increased compared to last week due to the loss of strength of the Turkish lira against the US dollar. It is stated that Turkish rebar producer Icdas has also revised its prices upwards due to the same reason.
As of today, January 19, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) |
15.1.2015 | ||||
Marmara | 8 mm | 1,410 | 511 | +15 |
Marmara | 12 mm | 1,390 | 503 | +15 |
Iskenderun | 8 mm | 1,360 | 493 | +40 |
Iskenderun | 10 mm | 1,350 | 489 | +40 |
Iskenderun | 12 mm | 1,340 | 485 | +40 |
Izmir | 8 mm | 1,395 | 505 | +30 |
Izmir | 10 mm | 1,380 | 500 | +30 |
Izmir | 12 mm | 1,370 | 496 | +30 |
Karabuk | 8 mm | 1,380 | 500 | +20 |
Karabuk | 12 mm | 1,360 | 493 | +20 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1=TRY 2.34