Demand in the local Turkish rebar market has failed to improve despite the increases seen in the volume of inquiries in the past week and is still at low levels. Turkish steel producers have increased their rebar prices further given the rises seen on the cost side amid the ongoing upward movement of global scrap and billet quotations. Despite the weak demand conditions in the local Turkish rebar market, the increases in Turkish producers' rebar prices have been reflected without delay in traders' rebar prices.
As of today, April 18, 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) | ||
| 14.04.2016 | 14.04.2016 | ||||||
| Marmara | 8 mm | 1,407 | 494 | ↑ | 43 | ↑ | 17 |
| Marmara | 12 mm | 1,390 | 488 | ↑ | 43 | ↑ | 17 |
| Iskenderun | 8 mm | 1,356 | 476 | ↑ | 42 | ↑ | 17 |
| Iskenderun | 10 mm | 1,347 | 473 | ↑ | 42 | ↑ | 17 |
| Iskenderun | 12 mm | 1,339 | 470 | ↑ | 42 | ↑ | 17 |
| Izmir | 8 mm | 1,373 | 482 | ↑ | 34 | ↑ | 14 |
| Izmir | 10 mm | 1,364 | 479 | ↑ | 33 | ↑ | 14 |
| Izmir | 12 mm | 1,356 | 476 | ↑ | 34 | ↑ | 14 |
| Karabuk | 8 mm | 1,377 | 483 | ↑ | 63 | ↑ | 24 |
| Karabuk | 12 mm | 1,360 | 477 | ↑ | 63 | ↑ | 24 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.85