Demand in local Turkish rebar market remains weak as buyers fail to gain a clearer perspective

Monday, 21 January 2019 16:26:19 (GMT+3)   |   Istanbul
       

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


Most Recent Related Articles

Turkish domestic rebar spot prices fall slightly in local currency

Turkish mill Icdas increases it rebar price by TRY 40/mt

Turkish mill Kardemir sells 60,000 mt of rebar

Turkish mill sells large rebar cargo to Hong Kong

Turkish mills’ domestic rebar sales exceed their export sales