As the Turkish lira-US dollar exchange rate remains volatile, buyers are finding it difficult to gain a clearer picture of the likely future trend of the local Turkish rebar market, and so they are maintaining their wait-and-see stance. Market sources state that the rises recorded in import scrap and domestic billet quotations have not been reflected in spot rebar prices yet. As a result, domestic rebar prices are fluctuating in line with the exchange rate. Meanwhile, domestic rebar prices in Turkey have decreased by TRY 25-42/mt since SteelOrbis’ report published on October 25.
As of today, November 1, 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) |
||
|
25.10.2018 |
25.10.2018 |
||||||
|
Marmara |
8 mm |
2,890 |
517 |
↓ |
34 |
|
0 |
|
Marmara |
12 mm |
2,873 |
514 |
↓ |
34 |
|
0 |
|
Iskenderun |
8 mm |
2,864 |
512 |
↓ |
26 |
↑ |
1 |
|
Iskenderun |
10 mm |
2,852 |
510 |
↓ |
25 |
↑ |
1 |
|
Iskenderun |
12 mm |
2,839 |
508 |
↓ |
25 |
↑ |
1 |
|
Izmir |
8 mm |
2,873 |
514 |
↓ |
25 |
↑ |
1 |
|
Izmir |
10 mm |
2,864 |
512 |
↓ |
26 |
↑ |
1 |
|
Izmir |
12 mm |
2,856 |
511 |
↓ |
25 |
↑ |
1 |
|
Karabuk |
8 mm |
2,856 |
511 |
↓ |
42 |
↓ |
2 |
|
Karabuk |
12 mm |
2,839 |
508 |
↓ |
42 |
↓ |
2 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 5.59