Turkish steel producers such as Icdas and Bastug Metalurji have revised their domestic rebar prices upwards with the Turkish lira once again losing significant strength against the US dollar on December 28.
With the influence of the upward movement of Turkish producers' rebar prices, traders in the local Turkish rebar market have also increased their rebar offers, raising them by TRY 10/mt compared to the price levels recorded on December 22, though prices on US dollar basis have decreased by $1-2/mt due to the fluctuation of the exchange rate. Market sources state that trading activity in the local Turkish rebar market is at very low levels, while sales have nearly come to a halt, especially in regions where harsh winter weather conditions prevail.
As of today, December 29, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
22.12.2016 |
22.12.2016 |
||||||
Marmara |
8 mm |
1,551 |
438 |
↑ |
9 |
↓ |
1 |
Marmara |
12 mm |
1,534 |
433 |
↑ |
9 |
↓ |
2 |
Iskenderun |
8 mm |
1,517 |
429 |
↑ |
9 |
↓ |
1 |
Iskenderun |
10 mm |
1,508 |
426 |
↑ |
8 |
↓ |
1 |
Iskenderun |
12 mm |
1,500 |
424 |
↑ |
8 |
↓ |
1 |
Izmir |
8 mm |
1,542 |
436 |
↑ |
8 |
↓ |
1 |
Izmir |
10 mm |
1,534 |
433 |
↑ |
9 |
↓ |
2 |
Izmir |
12 mm |
1,525 |
431 |
↑ |
8 |
↓ |
1 |
Karabuk |
8 mm |
1,517 |
429 |
↑ |
9 |
↓ |
1 |
Karabuk |
12 mm |
1,500 |
424 |
↑ |
8 |
↓ |
1 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.54