Demand in the local Turkish rebar market has remained weak since August 8, while domestic rebar prices in Turkey have softened in this period under downward pressure from weak demand despite the rises seen in Chinese billet quotations. Meanwhile, buyers are still mostly postponing their rebar purchases and are concluding new deals only in line with their needs.
As of today, August 11, 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) | ||
| 08.08.2016 | 08.08.2016 | ||||||
| Marmara | 8 mm | 1,203 | 407 | ↓ | 17 | ↓ | 3 |
| Marmara | 12 mm | 1,186 | 401 | ↓ | 17 | ↓ | 3 |
| Iskenderun | 8 mm | 1,161 | 392 | ↓ | 17 | ↓ | 3 |
| Iskenderun | 10 mm | 1,153 | 389 | ↓ | 16 | ↓ | 3 |
| Iskenderun | 12 mm | 1,144 | 387 | ↓ | 17 | ↓ | 3 |
| Izmir | 8 mm | 1,174 | 397 | ↓ | 21 | ↓ | 4 |
| Izmir | 10 mm | 1,165 | 394 | ↓ | 21 | ↓ | 4 |
| Izmir | 12 mm | 1,157 | 391 | ↓ | 21 | ↓ | 4 |
| Karabuk | 8 mm | 1,178 | 398 | ↓ | 17 | ↓ | 3 |
| Karabuk | 12 mm | 1,161 | 392 | ↓ | 17 | ↓ | 3 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.96