Demand in the local Turkish rebar market has remained at low levels in the past week. However, Turkish steel producers have increased their rebar prices further amid the rises seen on the cost side against the backdrop of the upward movement in 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 in traders' rebar prices without delay.
As of today, April 14, 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) | ||
| 11.04.2016 | 11.04.2016 | ||||||
| Marmara | 8 mm | 1,364 | 477 | ↑ | 33 | ↑ | 7 |
| Marmara | 12 mm | 1,347 | 471 | ↑ | 33 | ↑ | 7 |
| Iskenderun | 8 mm | 1,314 | 459 | ↑ | 26 | ↑ | 4 |
| Iskenderun | 10 mm | 1,305 | 456 | ↑ | 25 | ↑ | 4 |
| Iskenderun | 12 mm | 1,297 | 453 | ↑ | 26 | ↑ | 4 |
| Izmir | 8 mm | 1,339 | 468 | ↑ | 42 | ↑ | 10 |
| Izmir | 10 mm | 1,331 | 465 | ↑ | 43 | ↑ | 10 |
| Izmir | 12 mm | 1,322 | 462 | ↑ | 42 | ↑ | 10 |
| Karabuk | 8 mm | 1,314 | 459 | ↑ | 9 | ↓ | 2 |
| Karabuk | 12 mm | 1,297 | 453 | ↑ | 9 | ↓ | 2 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.86