Buyers in the local Turkish rebar market are in no rush to conclude new rebar purchases as they remain cautious amid the ongoing fluctuation of the Turkish lira-US dollar exchange rate and also due to uncertainties caused by political developments in Turkey. However, despite the lack of activity which has prevailed in the local Turkish rebar market this week, domestic rebar prices in Turkey on Turkish lira basis have increased compared to price levels recorded on December 12 as import scrap prices in deals concluded this week were higher than expected. Although domestic rebar prices on US dollar basis have mostly moved up since December 12, prices have remained stable in the Marmara region due to the fluctuation of the exchange rate.
As of today, December 15, 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) |
||
12.12.2016 |
12.12.2016 |
||||||
Marmara |
8 mm |
1,500 |
425 |
↑ |
8 |
0 |
|
Marmara |
12 mm |
1,483 |
420 |
↑ |
8 |
0 |
|
Iskenderun |
8 mm |
1,466 |
415 |
↑ |
34 |
↑ |
7 |
Iskenderun |
10 mm |
1,458 |
413 |
↑ |
34 |
↑ |
7 |
Iskenderun |
12 mm |
1,449 |
411 |
↑ |
34 |
↑ |
8 |
Izmir |
8 mm |
1,492 |
423 |
↑ |
17 |
↑ |
3 |
Izmir |
10 mm |
1,483 |
420 |
↑ |
17 |
↑ |
2 |
Izmir |
12 mm |
1,475 |
418 |
↑ |
17 |
↑ |
3 |
Karabuk |
8 mm |
1,475 |
418 |
↑ |
26 |
↑ |
5 |
Karabuk |
12 mm |
1,458 |
413 |
↑ |
26 |
↑ |
5 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.53