The recent price increase in the Turkish rebar market, which was due to product shortages, has been replaced by a decrease in prices. In particular, in the Marmara region where the increase margins were bigger and where prices even reached the level of TRY 1,161/mt ($641/mt) +VAT ex-warehouse, mills' current rebar offers have decreased to and even fallen below the level of TRY 1,136/mt ($627/mt) ex-works, excluding VAT, while traders' offers have softened as well.
For now, rebar quotations in the Turkish domestic market are standing at TRY 1,093-1,136/mt ($604-627/mt) ex-warehouse, excluding VAT. Meanwhile, market players believe that rebar prices may soften further.
$1 = TRY 1.81
