Prices increase further in local Turkish rebar spot market

Thursday, 16 April 2015 16:18:23 (GMT+3)   |   Istanbul
In the local Turkish rebar spot market, traders' prices have increased by TRY 30-70/mt over the past week, though prices on US dollar basis have risen by just $1-14/mt due to the fluctuation of the exchange rate. With local producer Kardemir opening its rebar sales for the domestic market today, April 16, the tight availability of rebar which has been reported in the market since the beginning of the current week is expected to ease.

On the other hand, the wide gap between the prices in different regions of the country is caused by the difficulties suppliers have in deciding their prices amid the rise in strength of the US dollar against the Turkish lira.

As of today, April 16, traders' rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

13.4.2015

Marmara

8 mm

1,263

469

+70

Marmara

12 mm

1,246

463

+70

Iskenderun

8 mm

1,229

457

+30

Iskenderun

10 mm

1,220

454

+30

Iskenderun

12 mm

1,212

451

+30

Izmir

8 mm

1,242

462

+50

Izmir

10 mm

1,229

457

+50

Izmir

12 mm

1,220

454

+50

Karabuk

8 mm

1,237

460

+50

Karabuk

8 mm

1,220

454

+50

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

$1 = TRY 2.64


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