According to market sources, rebar prices in the local Turkish spot market have indicated diverse trends since November 26, with prices in the Marmara and Karabuk regions decreasing by TRY 10-20/mt, while prices in the Iskenderun and Izmir regions have remained unchanged. On the other hand, prices on US dollar basis have declined by $1-4/mt on average due to the fluctuation of the exchange rate in the same period. Market sources state that buyers have been postponing their purchases during the past week amid uncertainties in the finished steel market due to the current political tensions between Turkey and Russia. Accordingly, demand has been quiet in the last seven days.
As of today, November 30, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
|
26.11.2015 |
|||||
Marmara |
8 mm |
1,059 |
364 |
↓ |
10 |
Marmara |
12 mm |
1,042 |
358 |
↓ |
10 |
Iskenderun |
8 mm |
1,000 |
344 |
- |
0 |
Iskenderun |
10 mm |
992 |
341 |
- |
0 |
Iskenderun |
12 mm |
983 |
338 |
- |
0 |
Izmir |
8 mm |
1,038 |
357 |
- |
0 |
Izmir |
10 mm |
1,025 |
352 |
- |
0 |
Izmir |
12 mm |
1,017 |
349 |
- |
0 |
Karabuk |
8 mm |
1,025 |
352 |
↓ |
20 |
Karabuk |
8 mm |
1,008 |
347 |
↓ |
20 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.91