It is observed that trading activity in the local Turkish rebar market has made another weak start to the current week. Market sources state that buyers in the local Turkish rebar market have not accepted the current price levels but have been exerting pressure on quotations. Additionally, domestic rebar prices in Turkey have moved down by TRY 26-51/mt since SteelOrbis’ report published on November 1 amid the volatility of the Turkish lira-US dollar exchange rate and also due to the weakness of demand. However, prices have increased by $3-8/mt on dollar basis in the given period due to the fluctuation of the exchange rate.
SteelOrbis has been informed that Turkish producer Icdas’ 12-32 mm rebar prices in Turkey's Marmara region are now at TRY 2,839/mt ($520/mt) + VAT ex-works, while its rebar prices in Biga, Canakkale in northwestern Turkey are at TRY 2,805/mt ($514/mt) + VAT ex-works.The mill’s list prices have moved down by TRY 50/mt + VAT as compared to its previous price list issued on October 30, while due to currency fluctuations prices have decreased by $4/mt on US dollar basis.
As of today, November 5, traders’ rebar offers in the Turkish domestic market are as follows:
|
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
|
01.11.2018 |
01.11.2018 |
||||||
|
Marmara |
8 mm |
2,864 |
525 |
↓ |
26 |
↑ |
8 |
|
Marmara |
12 mm |
2,847 |
522 |
↓ |
26 |
↑ |
8 |
|
Iskenderun |
8 mm |
2,822 |
517 |
↓ |
42 |
↑ |
5 |
|
Iskenderun |
10 mm |
2,809 |
515 |
↓ |
43 |
↑ |
5 |
|
Iskenderun |
12 mm |
2,797 |
512 |
↓ |
42 |
↑ |
4 |
|
Izmir |
8 mm |
2,822 |
517 |
↓ |
51 |
↑ |
3 |
|
Izmir |
10 mm |
2,814 |
515 |
↓ |
50 |
↑ |
3 |
|
Izmir |
12 mm |
2,805 |
514 |
↓ |
51 |
↑ |
3 |
|
Karabuk |
8 mm |
2,814 |
515 |
↓ |
42 |
↑ |
4 |
|
Karabuk |
12 mm |
2,797 |
512 |
↓ |
42 |
↑ |
4 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 5.46