According to market sources, rebar prices in the local Turkish spot market have decreased by TRY 5-25/mt compared to November 12, though prices on US dollar basis have fallen by $1-3/mt due to the fluctuation of the exchange rate. Market sources state that demand has improved in the market, particularly in the Marmara region. However, demand in Turkey's Iskenderun region is still considered to be weak.
As of today, November 16, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
|
12.11.2015 |
|||||
Marmara |
8 mm |
1,102 |
383 |
- |
5 |
Marmara |
12 mm |
1,085 |
377 |
- |
5 |
Iskenderun |
8 mm |
1,025 |
356 |
- |
10 |
Iskenderun |
10 mm |
1,017 |
353 |
- |
10 |
Iskenderun |
12 mm |
1,008 |
350 |
- |
10 |
Izmir |
8 mm |
1,059 |
368 |
- |
15 |
Izmir |
10 mm |
1,047 |
363 |
- |
15 |
Izmir |
12 mm |
1,038 |
360 |
- |
15 |
Karabuk |
8 mm |
1,064 |
369 |
- |
25 |
Karabuk |
8 mm |
1,047 |
363 |
- |
25 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.88