Rebar prices in Turkey's steel markets decreased on a dollar-denominated basis, with the USD exchange rate trading around 20.88.
Producer prices continued to be priced in the $650-660 range, while rebar prices were mostly flat in spot markets as demand slowed, but rebar prices in the Iskenderun/Payas region fell sharply.
Payas rebar prices increased sharply on Wednesday last week due to expectations of a hike in the exchange rate. Rebar prices decreased today due to lower demand from sellers who increased their stock levels.
Current spot rebar prices evaluated by www.steelradar.com are as follows;
Istanbul rebar prices 16,200 TL (0.00) / $658 (-2)
Izmir rebar prices 16.050 TL (0,00) / $654 (-3)
Karabuk rebar prices 16.000 TL (0,00) / 649$ (-3)
Payas rebar prices 16.000 TL (-200) / 660$ (-11)
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