Market sources state that Turkish rebar producers' sales volumes to the domestic market have been decent compared to their sales to the export markets, while traders have completed their purchases from Turkish producers in order to replenish their stocks. However, market sources report that end-user demand has made a quiet start to the current week and buyers are waiting for greater clarity in the US dollar-Turkish lira exchange rate after the announcement expected from the US Federal Reserve later today, September 16.
As of today, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) 09.09.2014 |
Marmara |
8 mm |
1,530 |
587 |
+20 |
Marmara |
12 mm |
1,510 |
579 |
+20 |
Iskenderun |
8 mm |
1,510 |
579 |
+10 |
Iskenderun |
10 mm |
1,500 |
575 |
+10 |
Iskenderun |
12 mm |
1,490 |
571 |
+10 |
Izmir |
8 mm |
1,515 |
581 |
+15 |
Izmir |
10 mm |
1,500 |
575 |
+15 |
Izmir |
12 mm |
1,490 |
571 |
+15 |
Karabuk |
8 mm |
1,525 |
585 |
+15 |
Karabuk |
12 mm |
1,505 |
577 |
+15 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 2.21