According to market sources, rebar prices in the local Turkish spot market have decreased by TRY 20-50/mt compared to November 30. On the other hand, prices on US dollar basis have fallen by $2-8/mt due to the fluctuation of the exchange rate in the same period. Market sources state that buyers have maintained a cautious stance ahead of the New Year and are only concluding purchases in line with their needs. Although rebar prices in the local Turkish spot market are as mentioned below, offers lower than these price levels are heard in most of the local markets. Nevertheless, market sources report that sales have been quiet during the past week.
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
|
30.11.2015 |
|||||
Marmara |
8 mm |
1,042 |
362 |
↓ |
20 |
Marmara |
12 mm |
1,025 |
356 |
↓ |
20 |
Iskenderun |
8 mm |
966 |
335 |
↓ |
40 |
Iskenderun |
10 mm |
958 |
333 |
↓ |
40 |
Iskenderun |
12 mm |
949 |
330 |
↓ |
40 |
Izmir |
8 mm |
996 |
346 |
↓ |
50 |
Izmir |
10 mm |
983 |
341 |
↓ |
50 |
Izmir |
12 mm |
975 |
338 |
↓ |
50 |
Karabuk |
8 mm |
1,000 |
347 |
↓ |
30 |
Karabuk |
8 mm |
983 |
341 |
↓ |
30 |
As of today, December 3, traders' rebar offers in the Turkish domestic market are as follows:
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 2.88