Demand still sluggish in Turkish domestic rebar market

Monday, 23 June 2014 17:07:14 (GMT+3)   |   Istanbul
       

According to market sources, demand in the Turkish rebar market has remained sluggish over the past week, while traders in the domestic market are still buying just in line with their needs and prefer to keep their stocks at low levels.

Turkish producer Icdas has started to offer rebar at TRY 20/mt below its list prices due to sluggish demand. The producer's 12-32 mm rebar prices in Turkey's Marmara region are at TRY 1,225/mt ($575/mt) + VAT ex-works, while its rebar prices in Biga, Canakkale in northwestern Turkey are at TRY 1,212/mt ($569/mt) + VAT ex-works.

As of today, June 23, traders' rebar offers in the Turkish domestic market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt) 18.06.2014

Marmara

8 mm

1,440

573

-15

Marmara

12 mm

1,420

565

-15

Iskenderun

8 mm

1,435

571

0

Iskenderun

10 mm

1,420

565

0

Iskenderun

12 mm

1,410

561

0

Izmir

8 mm

1,430

569

-5

Izmir

10 mm

1,415

563

-5

Izmir

12 mm

1,405

559

-5

Karabuk

8 mm

1,430

569

-5

Karabuk

12 mm

1,410

561

-5

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 2.13


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