Rebar spot prices in Turkey reflect exchange rate fluctuations

Friday, 21 June 2013 16:50:29 (GMT+3)   |   Istanbul
Rebar spot prices in the Turkish domestic market have moved upward amid the increase in the Turkish lira-US dollar exchange rate to 1.94. In addition, the upward trend of scrap prices is also expected to provide support for increases in rebar spot prices, while demand for rebar is moderate at the moment. In this context, local mill Icdas is expected to revise its prices upward in the coming week.

As of today, June 21, traders' rebar offers in the Turkish domestic market are as follows:
 

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

19.6.2013

 

Marmara

8 mm

1,330

581

+25

 

Marmara

12 mm

1,320

577

+25

 

Iskenderun

8 mm

1,340

585

+25

 

Iskenderun

10 mm

1,330

581

+25

 

Iskenderun

12 mm

1,320

577

+25

 

Izmir

8 mm

1,335

583

+40

 

Izmir

10 mm

1,320

577

+40

 

Izmir

12 mm

1,310

572

+40

 

Karabuk

8 mm

1,340

585

+20

 

Karabuk

12 mm

1,320

577

+20

 


All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
 
$1 = TRY 1.94 

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.   

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