Diverse price trends in local Turkish rebar market

Monday, 14 January 2019 17:51:59 (GMT+3)   |   Istanbul
       

Demand in the local Turkish rebar market has made a quiet start to the current week. The ongoing crisis in the local construction sector is seen to be the biggest factor contributing to the weakness of demand. Due to the sideways movement of import scrap quotations in Turkey last week as well as the depreciation of the Turkish lira against the US dollar, it is observed that domestic rebar prices have mostly increased by TRY 8-9/mt as compared to SteelOrbis’ report published on January 10. However, in Turkey’s Karabuk region demand has been lower, and so prices have followed a different trend, decreasing by TRY 17/mt in the given period.

As of today, January 14, 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)

10.01.2019

10.01.2019

Marmara

8 mm

2,466

447

8

1

Marmara

12 mm

2,449

444

8

1

Iskenderun

8 mm

2,449

444

8

1

Iskenderun

10 mm

2,436

441

8

1

Iskenderun

12 mm

2,424

439

9

1

Izmir

8 mm

2,466

447

8

1

Izmir

10 mm

2,458

445

9

1

Izmir

12 mm

2,449

444

8

1

Karabuk

8 mm

2,424

439

17

6

Karabuk

12 mm

2,407

436

17

5

 

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

$1 = TRY 5.52

 


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