Demand in the local Turkish rebar market remains at low levels

Thursday, 17 January 2019 17:13:11 (GMT+3)   |   Istanbul
       

Having made a quiet start to the current week, demand in the local Turkish rebar market has remained at low levels in subsequent days. As a result of the appreciation of the Turkish lira against the US dollar amid fluctuations throughout the current week, domestic rebar prices have fallen slightly but demand is not expected to recover due to the ongoing economic problems in the sectors which have close ties with the steel market, such as the construction sector. Additionally, domestic rebar quotations in Turkey have decreased by TRY 26-60/mt as compared to SteelOrbis’ report published on January 14.

As of today, January 17, 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)

14.01.2019

14.01.2019

Marmara

8 mm

2,432

453

34

6

Marmara

12 mm

2,415

450

34

6

Iskenderun

8 mm

2,407

448

42

4

Iskenderun

10 mm

2,394

446

42

5

Iskenderun

12 mm

2,381

443

43

4

Izmir

8 mm

2,407

448

59

1

Izmir

10 mm

2,398

447

60

2

Izmir

12 mm

2,390

445

59

1

Karabuk

8 mm

2,398

447

26

8

Karabuk

12 mm

2,381

443

26

7

 

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

$1 = TRY 5.37

 


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