Demand in the local Turkish rebar market has failed to improve since our last report on August 29 and is still at low levels. Despite the weakness of demand, it has been observed that domestic rebar prices in Turkey have moved sideways in the same period due to the stable trend of import scrap quotations over the past week.
Although domestic rebar prices on Turkish lira basis have remained unchanged in the current week due to currency fluctuations, prices in the local Turkish rebar market have followed a downward trend on US dollar basis compared to price levels on August 29.
As of today, September 1, 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) | ||
| 29.08.2016 | 29.08.2016 | ||||||
| Marmara | 8 mm | 1,195 | 402 | 0 | ↓ | 3 | |
| Marmara | 12 mm | 1,178 | 397 | 0 | ↓ | 2 | |
| Iskenderun | 8 mm | 1,161 | 391 | 0 | ↓ | 3 | |
| Iskenderun | 10 mm | 1,153 | 388 | 0 | ↓ | 3 | |
| Iskenderun | 12 mm | 1,144 | 385 | 0 | ↓ | 3 | |
| Izmir | 8 mm | 1,161 | 391 | 0 | ↓ | 3 | |
| Izmir | 10 mm | 1,153 | 388 | 0 | ↓ | 3 | |
| Izmir | 12 mm | 1,144 | 385 | 0 | ↓ | 3 | |
| Karabuk | 8 mm | 1,186 | 399 | 0 | ↓ | 3 | |
| Karabuk | 12 mm | 1,169 | 394 | 0 | ↓ | 2 | |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.97