Demand fluctuates in local Turkish rebar market

Thursday, 24 January 2019 16:36:51 (GMT+3)   |   Istanbul
       

Having made a quiet start to the current week, demand in the local Turkish rebar market has followed a fluctuating trend in the following days. Despite higher import scrap prices in Turkey, the upward movement of the local Turkish rebar market has remained limited due to the appreciation of the Turkish lira against the US dollar. On the other hand, after revising its rebar sales prices to TRY 2,416 TRY/mt ($452/mt) ex-works, including 18 percent VAT yesterday, January 23, Kardemir has received demand for 19,250 mt of rebar.

As of today, January 24, 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)

21.01.2019

21.01.2019

Marmara

8 mm

2,432

461

 

0

6

Marmara

12 mm

2,415

457

 

0

5

Iskenderun

8 mm

2,432

461

17

9

Iskenderun

10 mm

2,419

458

16

8

Iskenderun

12 mm

2,407

456

17

8

Izmir

8 mm

2,432

461

17

9

Izmir

10 mm

2,424

459

17

8

Izmir

12 mm

2,415

457

17

8

Karabuk

8 mm

2,424

459

17

8

Karabuk

12 mm

2,407

456

17

8

 

All prices are ex-warehouse and on actual weight basis and exclude VAT.

$1 = TRY 5.28

$1 = TRY 5.34 (January 23)


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