Demand in the local Turkish rebar market is at low levels on the first working day of the current week, while buyers are adopting a cautious stance and are concluding deals only in line with their immediate needs amid the fluctuating trend of the Turkish lira-US dollar exchange rate. Additionally, it is observed that domestic rebar prices in Turkey have made a downward start to the current week due to the weakness of demand and lower scrap quotations.
As of today, April 12, rebar offers in the Turkish spot market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
14.04.2019 |
14.04.2019 |
||||||
Marmara |
8 mm |
2,822 |
487 |
↓ |
9 |
↓ |
3 |
Marmara |
12 mm |
2,805 |
484 |
↓ |
9 |
↓ |
3 |
Iskenderun |
8 mm |
2,805 |
484 |
↓ |
17 |
↓ |
4 |
Iskenderun |
10 mm |
2,792 |
481 |
↓ |
17 |
↓ |
5 |
Iskenderun |
12 mm |
2,780 |
479 |
↓ |
17 |
↓ |
5 |
Izmir |
8 mm |
2,814 |
485 |
↓ |
25 |
↓ |
6 |
Izmir |
10 mm |
2,805 |
484 |
↓ |
26 |
↓ |
6 |
Izmir |
12 mm |
2,797 |
482 |
↓ |
25 |
↓ |
6 |
Karabuk |
8 mm |
2,797 |
482 |
↓ |
8 |
↓ |
3 |
Karabuk |
12 mm |
2,780 |
479 |
↓ |
8 |
↓ |
3 |
All prices are ex-warehouse and on actual weight basis and exclude 18 percent VAT.
$1 = TRY 5.80