Demand in the local Turkish rebar market has made a quiet start to the current week. Market sources state that buyers in the local Turkish rebar market have maintained their wait-and-see stance due to the ongoing volatility of the Turkish lira-US dollar exchange rate following the depreciation of the Turkish lira against the US dollar. Meanwhile, domestic rebar prices in Turkey have increased by TRY 34-59/mt since SteelOrbis’ report published on October 18.
Additionally, SteelOrbis has been informed that Turkish producer Icdas’ 12-32 mm rebar prices in Turkey's Marmara region are now at TRY 2,864/mt ($507/mt) + VAT ex-works, while its rebar prices in Biga, Canakkale in northwestern Turkey are at TRY 2,831/mt ($501/mt) + VAT ex-works. The mill’s list prices have moved up by TRY 55-56/mt + VAT as compared to its previous price list issued on October 18, while due to currency fluctuations prices have increased by $1/mt on US dollar basis.
As of today, October 22, traders’ rebar offers in the Turkish domestic market are as follows:
|
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
|
18.10.2018 |
18.10.2018 |
||||||
|
Marmara |
8 mm |
2,881 |
510 |
↑ |
59 |
↑ |
10 |
|
Marmara |
12 mm |
2,864 |
507 |
↑ |
59 |
↑ |
10 |
|
Iskenderun |
8 mm |
2,831 |
501 |
↑ |
34 |
↑ |
6 |
|
Iskenderun |
10 mm |
2,818 |
499 |
↑ |
34 |
↑ |
6 |
|
Iskenderun |
12 mm |
2,805 |
496 |
↑ |
34 |
↑ |
6 |
|
Izmir |
8 mm |
2,847 |
504 |
↑ |
59 |
↑ |
10 |
|
Izmir |
10 mm |
2,839 |
502 |
↑ |
59 |
↑ |
10 |
|
Izmir |
12 mm |
2,831 |
501 |
↑ |
59 |
↑ |
10 |
|
Karabuk |
8 mm |
2,847 |
504 |
↑ |
34 |
↑ |
6 |
|
Karabuk |
12 mm |
2,831 |
501 |
↑ |
34 |
↑ |
6 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 5.65