Following the decreases in import scrap prices in deals heard at the weekend, buyers in the local Turkish rebar market have postponed their purchases as they expect a further decline in rebar prices, causing demand to remain weak.
Meanwhile, local rebar producers in Turkey have revised their domestic quotations downwards. As a result, traders in the local Turkish rebar market have reduced their domestic rebar prices by TRY 20-50/mt compared to price levels recorded on March 23.
As of today, March 27, 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) | ||
23.03.2017 | 23.03.2017 | ||||||
Marmara | 8 mm | 1,602 | 445 | ↓ | 17 | ↓ | 2 |
Marmara | 12 mm | 1,585 | 440 | ↓ | 17 | ↓ | 2 |
Iskenderun | 8 mm | 1,542 | 428 | ↓ | 43 | ↓ | 10 |
Iskenderun | 10 mm | 1,534 | 426 | ↓ | 42 | ↓ | 9 |
Iskenderun | 12 mm | 1,525 | 424 | ↓ | 43 | ↓ | 9 |
Izmir | 8 mm | 1,585 | 440 | ↓ | 25 | ↓ | 5 |
Izmir | 10 mm | 1,576 | 438 | ↓ | 26 | ↓ | 4 |
Izmir | 12 mm | 1,568 | 435 | ↓ | 25 | ↓ | 5 |
Karabuk | 8 mm | 1,559 | 433 | ↓ | 43 | ↓ | 9 |
Karabuk | 12 mm | 1,542 | 428 | ↓ | 43 | ↓ | 10 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.60