According to market sources, rebar prices in the local Turkish spot market have increased by around TRY 50-55/mt since August 17, though prices on US dollar basis have increased only by $3-4/mt due to the fluctuation of the exchange rate. Market players state that they have revised their prices upwards again due to the Turkish lira dropping to a new record low at TRY 2.99 against the US dollar early today, August 20. The Turkish lira then recovered a little to TRY 2.94 to the dollar. Although inquiries have continued to be made in the local Turkish rebar market during the past week, demand has remained slack.
As of today, August 20, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
|
17.08.2015 |
|||||
Marmara |
8 mm |
1,254 |
427 |
+ |
50 |
Marmara |
12 mm |
1,237 |
421 |
+ |
50 |
Iskenderun |
8 mm |
1,203 |
409 |
+ |
50 |
Iskenderun |
10 mm |
1,195 |
406 |
+ |
50 |
Iskenderun |
12 mm |
1,186 |
404 |
+ |
50 |
Izmir |
8 mm |
1,229 |
418 |
+ |
50 |
Izmir |
10 mm |
1,216 |
414 |
+ |
50 |
Izmir |
12 mm |
1,208 |
411 |
+ |
50 |
Karabuk |
8 mm |
1,220 |
415 |
+ |
55 |
Karabuk |
8 mm |
1,203 |
409 |
+ |
55 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.94