According to market sources, rebar prices in the local Turkish spot market have decreased by TRY 25-50/mt since September 7, though prices on US dollar basis have declined by $11-18/mt due to the fluctuation of the exchange rate. Even though the US dollar has strengthened to a record level of 3.06 against the Turkish lira today, September 10, market players state that they cannot revise their prices upwards due to slack demand. Also, Turkish steel producer Kardemir has opened its domestic billet sales, but no sales have been heard yet.
As of today, September 10, traders’ rebar offers in the Turkish domestic market are as follows:
| Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) | |
| 07.09.2015 | |||||
| Marmara | 8 mm | 1,191 | 390 | - | 25 |
| Marmara | 12 mm | 1,174 | 385 | - | 25 |
| Iskenderun | 8 mm | 1,127 | 370 | - | 50 |
| Iskenderun | 10 mm | 1,119 | 367 | - | 50 |
| Iskenderun | 12 mm | 1,11 | 364 | - | 50 |
| Izmir | 8 mm | 1,178 | 386 | - | 35 |
| Izmir | 10 mm | 1,165 | 382 | - | 35 |
| Izmir | 12 mm | 1,157 | 379 | - | 35 |
| Karabuk | 8 mm | 1,178 | 386 | - | 30 |
| Karabuk | 8 mm | 1,161 | 381 | - | 30 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.05