Demand in the local Turkish rebar market has started the first week of 2017 with a sluggish trend. Domestic rebar prices in Turkey have remained stable since December 29 after increasing last week in line with the depreciation of the Turkish lira against the US dollar.
Market sources state that buyers in the local Turkish rebar market have maintained their cautious stance as regards concluding new purchases due to the ongoing political and economic uncertainties in the country, while sales have nearly come to a halt, especially in regions where harsh winter weather conditions prevail.
As of today, January 2, 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) |
||
29.12.2016 |
29.12.2016 |
||||||
Marmara |
8 mm |
1,551 |
438 |
0 |
0 |
||
Marmara |
12 mm |
1,534 |
433 |
0 |
0 |
||
Iskenderun |
8 mm |
1,517 |
429 |
0 |
0 |
||
Iskenderun |
10 mm |
1,508 |
426 |
0 |
0 |
||
Iskenderun |
12 mm |
1,500 |
424 |
0 |
0 |
||
Izmir |
8 mm |
1,542 |
436 |
0 |
0 |
||
Izmir |
10 mm |
1,534 |
433 |
0 |
0 |
||
Izmir |
12 mm |
1,525 |
431 |
0 |
0 |
||
Karabuk |
8 mm |
1,517 |
429 |
0 |
0 |
||
Karabuk |
12 mm |
1,500 |
424 |
0 |
0 |
||
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.54