While prices in the local Turkish rebar market have continued their gradual decrease this week, demand from the end-user side has improved as buyers want to complete their purchases before the winter season. Meanwhile, local traders are buying and selling, concluding purchase deals in line with the orders they receive, while the overall transaction volume in the local market has indicated a recovery.
As of today, October 21, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) 16.10.2014 |
Marmara | 8 mm | 1,455 | 550 | -30 |
Marmara | 12 mm | 1,435 | 543 | -30 |
Iskenderun | 8 mm | 1,435 | 543 | -40 |
Iskenderun | 10 mm | 1,420 | 537 | -40 |
Iskenderun | 12 mm | 1,410 | 533 | -40 |
Izmir | 8 mm | 1,440 | 545 | -50 |
Izmir | 10 mm | 1,430 | 541 | -50 |
Izmir | 12 mm | 1,420 | 537 | -50 |
Karabuk | 8 mm | 1,455 | 550 | -40 |
Karabuk | 12 mm | 1,435 | 543 | -40 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 2.24