The current cold and snowy weather conditions in Turkey have negatively impacted transaction activity in the country's local rebar market over the past week, causing prices to fall. Traders' prices in most regions have declined in the same period, weakening sentiment in the local Turkish rebar market which had improved after import scrap deals were concluded at increased levels.
As of today, January 8, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) |
5.1.2015 | ||||
Marmara | 8 mm | 1,420 | 523 | -20 |
Marmara | 12 mm | 1,400 | 516 | -20 |
Iskenderun | 8 mm | 1,340 | 494 | -25 |
Iskenderun | 10 mm | 1,330 | 490 | -25 |
Iskenderun | 12 mm | 1,320 | 486 | -25 |
Izmir | 8 mm | 1,405 | 518 | -10 |
Izmir | 10 mm | 1,390 | 512 | -10 |
Izmir | 12 mm | 1,380 | 508 | -10 |
Karabuk | 8 mm | 1,370 | 505 | -10 |
Karabuk | 12 mm | 1,350 | 497 | -10 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 2.30