Following the upward trend recorded at the beginning of the current week, the local Turkish rebar market has indicated a sideways movement in the following days. Market sources state that demand in the market had increased last week due to higher scrap prices, whereas it has once again slackened to low levels in the current week. The lower demand in the local Turkish rebar market has exerted pressure on prices, though the depreciation of the Turkish lira against the US dollar has prevented any possible price decline.
On the other hand, SteelOrbis has been informed that Turkish producer Icdas has announced its rebar prices on February 13 at TRY 2,730/mt ($514/mt) ex-works, while Kardemir has opened its domestic sales for rebar at the level of TRY 2,716/mt ($517/mt) ex-works, both excluding VAT.
As of today, February 14, traders’ rebar offers in the Turkish domestic market are as follows:
|
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
||
|
11.02.2019 |
11.02.2019 |
||||||
|
Marmara |
8 mm |
2,746 |
517 |
↑ |
0 |
↓ |
4 |
|
Marmara |
12 mm |
2,729 |
514 |
↑ |
0 |
↓ |
4 |
|
Iskenderun |
8 mm |
2,797 |
527 |
↑ |
0 |
↓ |
4 |
|
Iskenderun |
10 mm |
2,784 |
524 |
↑ |
0 |
↓ |
4 |
|
Iskenderun |
12 mm |
2,771 |
522 |
↑ |
0 |
↓ |
4 |
|
Izmir |
8 mm |
2,729 |
514 |
↑ |
0 |
↓ |
4 |
|
Izmir |
10 mm |
2,720 |
512 |
↑ |
0 |
↓ |
4 |
|
Izmir |
12 mm |
2,712 |
511 |
↑ |
0 |
↓ |
4 |
|
Karabuk |
8 mm |
2,737 |
515 |
↑ |
0 |
↓ |
4 |
|
Karabuk |
12 mm |
2,720 |
512 |
↑ |
0 |
↓ |
4 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 5.31
$1 = TRY 5.25 (Feb. 13)