Buyers in the local Turkish rebar market are still only concluding purchases in line with their needs due to the approaching end-of-Ramadan holiday (July 4-7), while demand in the market has remained sluggish since June 13. Some traders in the local Turkish rebar market have reduced their prices week on week since the increases recorded last week were believed to be unsustainable unless supported by an improvement in demand, as mentioned by SteelOrbis on June 13. As a result, prices in Turkey's Marmara and Karabuk regions have remained unchanged week on week, while in other regions of the country the upward trend of the local Turkish rebar market has given way to downward movement.
As of today, June 16, 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) | ||
| 13.06.2016 | 13.06.2016 | ||||||
| Marmara | 8 mm | 1,212 | 414 | ↔ | 0 | ↓ | 1 |
| Marmara | 12 mm | 1,195 | 408 | ↔ | 0 | ↓ | 2 |
| Iskenderun | 8 mm | 1,169 | 399 | ↓ | 18 | ↓ | 8 |
| Iskenderun | 10 mm | 1,161 | 396 | ↓ | 17 | ↓ | 8 |
| Iskenderun | 12 mm | 1,153 | 393 | ↓ | 17 | ↓ | 8 |
| Izmir | 8 mm | 1,186 | 405 | ↓ | 9 | ↓ | 5 |
| Izmir | 10 mm | 1,178 | 402 | ↓ | 9 | ↓ | 5 |
| Izmir | 12 mm | 1,169 | 399 | ↓ | 9 | ↓ | 5 |
| Karabuk | 8 mm | 1,195 | 408 | ↔ | 0 | ↓ | 2 |
| Karabuk | 12 mm | 1,178 | 402 | ↔ | 0 | ↓ | 2 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.93