Domestic rebar prices in Turkey have moved sideways since our last report on August 25, still unchanged since August 22, while demand in the local Turkish rebar market has remained weak in the same period.
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 25.
As of today, August 29, 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) | ||
| 25.08.2016 | 25.08.2016 | ||||||
| Marmara | 8 mm | 1,195 | 405 | 0 | ↓ | 1 | |
| Marmara | 12 mm | 1,178 | 399 | 0 | ↓ | 2 | |
| Iskenderun | 8 mm | 1,161 | 394 | 0 | ↓ | 1 | |
| Iskenderun | 10 mm | 1,153 | 391 | 0 | ↓ | 1 | |
| Iskenderun | 12 mm | 1,144 | 388 | 0 | ↓ | 1 | |
| Izmir | 8 mm | 1,161 | 394 | 0 | ↓ | 1 | |
| Izmir | 10 mm | 1,153 | 391 | 0 | ↓ | 1 | |
| Izmir | 12 mm | 1,144 | 388 | 0 | ↓ | 1 | |
| Karabuk | 8 mm | 1,186 | 402 | 0 | ↓ | 2 | |
| Karabuk | 12 mm | 1,169 | 396 | 0 | ↓ | 2 | |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.95