According to market sources, rebar prices in the local Turkish spot market have decreased by around TRY 10-25/mt since August 20, though prices on US dollar basis have decreased by $5-8/mt due to the fluctuation of the exchange rate. Market players state that they have had to revise their prices downwards due to weak demand, even though the US dollar has continued to gain strength against the Turkish lira. Meanwhile, buyers are keeping a close eye on the currency fluctuations and on rebar prices, and so they are postponing their bookings for the time being.
As of today, August 24, traders’ rebar offers in the Turkish domestic market are as follows:
| Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) | |
| 20.08.2015 | |||||
| Marmara | 8 mm | 1,237 | 419 | - | 20 |
| Marmara | 12 mm | 1,220 | 414 | - | 20 |
| Iskenderun | 8 mm | 1,195 | 405 | - | 10 |
| Iskenderun | 10 mm | 1,186 | 402 | - | 10 |
| Iskenderun | 12 mm | 1,178 | 399 | - | 10 |
| Izmir | 8 mm | 1,208 | 409 | - | 25 |
| Izmir | 10 mm | 1,195 | 405 | - | 25 |
| Izmir | 12 mm | 1,186 | 402 | - | 25 |
| Karabuk | 8 mm | 1,203 | 408 | - | 20 |
| Karabuk | 8 mm | 1,186 | 402 | - | 20 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.95