Producers and traders in the local Turkish rebar market have revised their domestic prices on Turkish lira basis upwards amid the sharp depreciation of the Turkish lira against the US dollar as of the beginning of the current week, though prices on US dollar basis have moved down due to the fluctuation of the exchange rate.
Demand in the local Turkish rebar market has remained at low levels as buyers have maintained their cautious stance as regards concluding new purchases given the ongoing political and economic uncertainties in Turkey and also due to the harsh winter weather conditions which have negatively impacted construction activities.
As of today, January 5, 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) |
||
02.01.2017 |
02.01.2017 |
||||||
Marmara |
8 mm |
1,576 |
435 |
↑ |
25 |
↓ |
3 |
Marmara |
12 mm |
1,559 |
431 |
↑ |
25 |
↓ |
2 |
Iskenderun |
8 mm |
1,542 |
426 |
↑ |
25 |
↓ |
3 |
Iskenderun |
10 mm |
1,534 |
424 |
↑ |
26 |
↓ |
2 |
Iskenderun |
12 mm |
1,525 |
421 |
↑ |
25 |
↓ |
3 |
Izmir |
8 mm |
1,559 |
431 |
↑ |
17 |
↓ |
5 |
Izmir |
10 mm |
1,551 |
428 |
↑ |
17 |
↓ |
5 |
Izmir |
12 mm |
1,542 |
426 |
↑ |
17 |
↓ |
5 |
Karabuk |
8 mm |
1,551 |
428 |
↑ |
34 |
↓ |
1 |
Karabuk |
12 mm |
1,534 |
424 |
↑ |
34 |
↓ |
0 |
All prices are ex-warehouse and on actual weight basis and exclude VAT.
$1 = TRY 3.62