Demand in the local Turkish rebar market has failed to improve since September 29 and is still at low levels. Amid the possible extension of the state of emergency in the country, together with the Turkish lira losing strength against the US dollar, trading activity in the local Turkish rebar market has been sluggish. Meanwhile, it is observed that domestic rebar prices in Turkey's Marmara region have declined amid sluggish trading activity and weak demand.
Although domestic rebar prices on Turkish lira basis have declined only in the Marmara region due to currency fluctuations, prices in the local Turkish rebar market have followed a downward trend on US dollar basis compared to price levels on September 29.
As of today, October 3, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
29.09.2016 |
29.09.2016 |
||||||
Marmara |
8 mm |
1,144 |
381 |
↓ |
9 |
↓ |
4 |
Marmara |
12 mm |
1,127 |
376 |
↓ |
9 |
↓ |
4 |
Iskenderun |
8 mm |
1,136 |
379 |
0 |
↓ |
1 |
|
Iskenderun |
10 mm |
1,127 |
376 |
0 |
↓ |
1 |
|
Iskenderun |
12 mm |
1,119 |
373 |
0 |
↓ |
1 |
|
Izmir |
8 mm |
1,119 |
373 |
0 |
↓ |
1 |
|
Izmir |
10 mm |
1,110 |
370 |
0 |
↓ |
1 |
|
Izmir |
12 mm |
1,102 |
367 |
0 |
↓ |
1 |
|
Karabuk |
8 mm |
1,136 |
379 |
0 |
↓ |
1 |
|
Karabuk |
12 mm |
1,119 |
373 |
0 |
↓ |
1 |
|
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.00