Domestic rebar prices in Turkey had declined gradually from December 5 to December 9 amid weak demand and with the Turkish lira gaining strength against the US dollar. However, with Turkish lira losing strength against the US dollar on December 9, Turkish domestic rebar prices have increased once again.
Today, December 12, domestic rebar quotations increased further due to the further depreciation of the Turkish lira. The terrorist attack in Istanbul on December 10 and the ongoing political uncertainties in the country have increased the concerns of players in the local Turkish rebar market. As a result, it is observed that buyers are maintaining their cautious stance and are still postponing their rebar purchases.
As of today, December 12, 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) |
||
08.12.2016 |
08.12.2016 |
||||||
Marmara |
8 mm |
1,492 |
425 |
↑ |
51 |
↑ |
3 |
Marmara |
12 mm |
1,475 |
420 |
↑ |
51 |
↑ |
2 |
Iskenderun |
8 mm |
1,432 |
408 |
↑ |
8 |
↓ |
10 |
Iskenderun |
10 mm |
1,424 |
406 |
↑ |
9 |
↓ |
9 |
Iskenderun |
12 mm |
1,415 |
403 |
↑ |
8 |
↓ |
10 |
Izmir |
8 mm |
1,475 |
420 |
↑ |
43 |
0 |
|
Izmir |
10 mm |
1,466 |
418 |
↑ |
42 |
0 |
|
Izmir |
12 mm |
1,458 |
415 |
↑ |
43 |
0 |
|
Karabuk |
8 mm |
1,449 |
413 |
↑ |
25 |
↓ |
5 |
Karabuk |
12 mm |
1,432 |
408 |
↑ |
25 |
↓ |
5 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.51