Prices in local Turkish rebar market fall further

Thursday, 16 March 2017 16:05:34 (GMT+3)   |   Istanbul
       

The local Turkish rebar market had made a quiet start to the current week, while trading activity in the market is still at low levels with buyers continuing to postpone their rebar purchases. Traders in Turkey have reduced their domestic rebar prices by TRY 10-15/mt compared to price levels recorded on March 13 due to the weakness of demand as well as the strengthening of the Turkish lira against the US dollar.
 
As of today, March 16, traders' rebar offers in the Turkish domestic market are as follows:

 

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

13.03.2017

13.03.2017

Marmara

8 mm

1,695

466

↓ 

17

8

Marmara

12 mm

1,678

461

↓ 

17

8

Iskenderun

8 mm

1,669

459

↓ 

9

10

Iskenderun

10 mm

1,661

456

↓ 

8

10

Iskenderun

12 mm

1,653

454

↓ 

8

10

Izmir

8 mm

1,669

459

↓ 

17

8

Izmir

10 mm

1,661

456

↓ 

17

7

Izmir

12 mm

1,653

454

↓ 

16

8

Karabuk

8 mm

1,661

456

↓ 

21

6

Karabuk

12 mm

1,644

452

↓ 

21

7


 
All prices are ex-warehouse and on actual weight basis and exclude VAT.
 
$1 = TRY 3.64
 

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