According to market sources, rebar prices in the local Turkish spot market have decreased by around TRY 10-55/mt since August 24, though prices on US dollar basis have decreased by $2-12/mt due to the fluctuation of the exchange rate. Market players state that they have had to revise their prices downwards due to weak demand and the slight fall seen in the US dollar against the Turkish lira. Meanwhile, buyers are postponing their bookings amid fluctuations recorded in the exchange rate and due to political uncertainties in Turkey.
As of today, August 27, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
|
24.08.2015 |
|||||
Marmara |
8 mm |
1,229 |
421 |
- |
10 |
Marmara |
12 mm |
1,212 |
415 |
- |
10 |
Iskenderun |
8 mm |
1,148 |
393 |
- |
55 |
Iskenderun |
10 mm |
1,140 |
390 |
- |
55 |
Iskenderun |
12 mm |
1,131 |
387 |
- |
55 |
Izmir |
8 mm |
1,186 |
406 |
- |
25 |
Izmir |
10 mm |
1,174 |
402 |
- |
25 |
Izmir |
12 mm |
1,165 |
399 |
- |
25 |
Karabuk |
8 mm |
1,191 |
408 |
- |
15 |
Karabuk |
8 mm |
1,174 |
402 |
- |
15 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.92