According to market sources, rebar prices in the local Turkish spot market have decreased by TRY 35-60/mt compared to November 16, though prices on US dollar basis have fallen by $4-10/mt due to the fluctuation of the exchange rate. Market sources state that prices have been revised downwards due to the weakening of the US dollar against the Turkish lira and since demand for domestic rebar has started to weaken.
As of today, November 20, traders’ rebar offers in the Turkish domestic market are as follows:
| Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) | |
| 16.11.2015 | |||||
| Marmara | 8 mm | 1,068 | 379 | - | 40 |
| Marmara | 12 mm | 1,051 | 373 | - | 40 |
| Iskenderun | 8 mm | 975 | 346 | - | 60 |
| Iskenderun | 10 mm | 966 | 343 | - | 60 |
| Iskenderun | 12 mm | 958 | 340 | - | 60 |
| Izmir | 8 mm | 1,030 | 365 | - | 35 |
| Izmir | 10 mm | 1,017 | 361 | - | 35 |
| Izmir | 12 mm | 1,008 | 358 | - | 35 |
| Karabuk | 8 mm | 1,025 | 364 | - | 45 |
| Karabuk | 8 mm | 1,008 | 358 | - | 45 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.82