Due to the ongoing economic problems in Turkey, buyers in the sectors which have close ties with the steel market, particularly the construction sector, have maintained their wait-and-see stance at the beginning of the current week. Following the slight depreciation of the Turkish lira against the US dollar, domestic rebar prices in Turkey’s Marmara region have remained stable as compared to January 17, while price in other regions have increased by TRY 8-9/mt.
As of today, January 21, 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) |
||
17.01.2019 |
17.01.2019 |
||||||
Marmara |
8 mm |
2,432 |
455 |
|
0 |
↑ |
2 |
Marmara |
12 mm |
2,415 |
452 |
|
0 |
↑ |
2 |
Iskenderun |
8 mm |
2,415 |
452 |
↑ |
8 |
↑ |
4 |
Iskenderun |
10 mm |
2,403 |
450 |
↑ |
9 |
↑ |
4 |
Iskenderun |
12 mm |
2,390 |
448 |
↑ |
9 |
↑ |
5 |
Izmir |
8 mm |
2,415 |
452 |
↑ |
8 |
↑ |
4 |
Izmir |
10 mm |
2,407 |
451 |
↑ |
9 |
↑ |
4 |
Izmir |
12 mm |
2,398 |
449 |
↑ |
8 |
↑ |
4 |
Karabuk |
8 mm |
2,407 |
451 |
↑ |
9 |
↑ |
4 |
Karabuk |
12 mm |
2,390 |
448 |
↑ |
9 |
↑ |
5 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 5.34