Sluggish demand in local Turkish rebar market

Although demand in the local Turkish rebar market had improved slightly at the beginning of the current week, it has slowed down quickly and has been sluggish since Tuesday, December 20. Despite the weakness of demand, local steel traders' rebar prices have increased by TRY 10/mt since December 19 due to the upward movement of import scrap quotations, except in the Karabuk region where prices have moved sideways. Market sources state that, in line with the ongoing political and economic uncertainties, cash flow problems are experienced in the country and that demand has nearly come to a halt, especially in regions where harsh winter weather conditions prevail.
 
As of today, December 22, 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 3.51