According to market sources, rebar prices in the local Turkish spot market have indicated diverse trends since November 9, with prices in the Marmara and Karabuk regions increasing by TRY 15-20/mt and with prices in the Iskenderun region declining by TRY 20/mt, while prices in Izmir have remained unchanged. On the other hand, prices on US dollar basis have risen by $1-10/mt due to the fluctuation of the exchange rate in the same period. Market sources state that demand has started to recover in the market, particularly in the Marmara region. However, demand in Turkey's Iskenderun region is still considered to be weak. Also, Turkish steel producer Kardemir has failed to attract interest with its new rebar prices at TRY 1,085/mt ($373/mt) ex-works which were announced on November 10.
As of today, November 12, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
|
09.11.2015 |
|||||
Marmara |
8 mm |
1,106 |
384 |
+ |
15 |
Marmara |
12 mm |
1,089 |
378 |
+ |
15 |
Iskenderun |
8 mm |
1,034 |
359 |
- |
20 |
Iskenderun |
10 mm |
1,025 |
356 |
- |
20 |
Iskenderun |
12 mm |
1,017 |
353 |
- |
20 |
Izmir |
8 mm |
1,072 |
372 |
- |
0 |
Izmir |
10 mm |
1,059 |
368 |
- |
0 |
Izmir |
12 mm |
1,051 |
365 |
- |
0 |
Karabuk |
8 mm |
1,085 |
377 |
+ |
20 |
Karabuk |
8 mm |
1,068 |
371 |
+ |
20 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.88