Turkish rebar prices have continued to soften both in the Turkish domestic market and in the export markets. In the Turkish domestic market, where demand has remained extremely low, rebar prices are standing at the level of TRY 1,102/mt ($612/mt) + VAT, depending on regions.
According to information collected by SteelOrbis from market sources, as of September 11 traders' rebar prices in the Turkish domestic steel market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price change (TRY/mt) 06.09.2012 |
Marmara | 8 mm | 1,315 | 619 | -30 |
Marmara | 12 mm | 1,295 | 610 | -30 |
Iskenderun | 8 mm | 1,320 | 621 | -20 |
Iskenderun | 10 mm | 1,310 | 617 | -20 |
Iskenderun | 12 mm | 1,300 | 612 | -20 |
Izmir | 8 mm | 1,300 | 612 | -10 |
Izmir | 10 mm | 1,285 | 605 | -10 |
Izmir | 12mm | 1,275 | 600 | -10 |
Karabuk | 8 mm | 1,330 | 626 | -25 |
Karabuk | 12 mm | 1,310 | 617 | -25 |
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 1.80