Demand improves in Turkish rebar spot market

Thursday, 19 February 2015 17:57:01 (GMT+3)   |   Istanbul
Ahead of the last working day of the week, there has been no significant change in local Turkish rebar spot prices as compared to spot prices early this week. Yesterday, February 18, Turkish steel producer Kardemir revised its rebar prices and closed its sales later on the same day after receiving orders for a total of around 65,250 mt of rebar.
 
Market sources state that demand for rebar in the local Turkish market has seen some improvement, while Kardemir's rebar sales have accelerated activity in the market. Also, heavy snowfalls in Turkey have prompted some end-users to conclude rebar purchases in the spot market amid concerns that prices may increase in the coming days.
 
As of today, February 19, traders' rebar offers in the Turkish domestic market are as follows:
 
Region Dimension Price (TRY/mt) Price ($/mt) Price changes (TRY/mt)
16.02.2015
Marmara 8 mm 1,093 448 -10
Marmara 12 mm 1,076 441 -10
Iskenderun 8 mm 1,068 438 -
Iskenderun 10 mm 1,059 434 -
Iskenderun 12 mm 1,051 431 -
Izmir 8 mm 1,093 448 -5
Izmir 10 mm 1,081 443 -5
Izmir 12 mm 1,072 439 -5
Karabuk 8 mm 1,085 445 -
Karabuk 12 mm 1,068 438 -
 
All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 2.44
 

Marketplace Offers

Deformed Bar

Diameter 8 - 40 mm
 
Tedarikçi CONARES METAL SUPPLY
View Offer

Deformed Bar

Diameter 6 - 32 mm
  ES ISO 6935-2 2019 B500BWR , ASTM A615 GR 60
Tedarikçi YOTTA TRADING
View Offer

Deformed Bar

Diameter 8 - 32 mm
 
Tedarikçi SHATTAF STEEL IND. CO. LLC.
View Offer

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