According to market sources, rebar prices in the local Turkish spot market have increased by TRY 10-70/mt since September 3, though prices on US dollar basis have risen by $14/mt on the low end due to the fluctuation of the exchange rate. Since the US dollar has strengthened to a record level of 3.04 against the Turkish lira today, September 7, market players, who were unable to revise their prices upwards due to slack demand last week, have had to increase their prices even though demand has remained weak.
As of today, September 3, traders’ rebar offers in the Turkish domestic market are as follows:
| Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) | |
| 07.09.2015 | |||||
| Marmara | 8 mm | 1,212 | 401 | + | 20 |
| Marmara | 12 mm | 1,195 | 396 | + | 20 |
| Iskenderun | 8 mm | 1,169 | 387 | + | 70 |
| Iskenderun | 10 mm | 1,161 | 384 | + | 70 |
| Iskenderun | 12 mm | 1,153 | 382 | + | 70 |
| Izmir | 8 mm | 1,208 | 400 | + | 50 |
| Izmir | 10 mm | 1,195 | 396 | + | 50 |
| Izmir | 12 mm | 1,186 | 393 | + | 50 |
| Karabuk | 8 mm | 1,203 | 398 | + | 70 |
| Karabuk | 8 mm | 1,186 | 393 | + | 70 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.06