Local Turkish rebar spot prices continue to soften

Thursday, 25 June 2015 15:49:48 (GMT+3)   |   Istanbul
       

According to market sources, rebar prices in the local Turkish spot market have decreased by around TRY 25-50/mt since June 22, though prices on US dollar basis have declined by an average of $5-12/mt due to the fluctuation of the exchange rate. Market players state that demand has been almost stagnant in the same period.

As of today, June 25, traders' rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

22.06.2015

Marmara

8 mm

1,182

444

-

25

Marmara

12 mm

1,165

438

-

25

Iskenderun

8 mm

1,093

411

-

50

Iskenderun

10 mm

1,085

408

-

50

Iskenderun

12 mm

1,076

405

-

50

Izmir

8 mm

1,157

435

-

35

Izmir

10 mm

1,144

430

-

35

Izmir

12 mm

1,136

427

-

35

Karabuk

8 mm

1,153

433

-

40

Karabuk

8 mm

1,136

427

-

40

All prices are ex-warehouse and on actual weight basis and exclude VAT.

$1 = TRY 2.66


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