Market sources state that Turkish mills are trying to keep their rebar offers at current levels but their profit margins are very tight due to raw material costs. Also, it is reported that Turkish mills have started to reduce their production capacity utilization rates. Meanwhile, Turkish mills' rebar offers for the domestic market are in the range of TRY 1,186-1,225/mt ex-works, excluding VAT.
As of today, July 3, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) 01.07.2014 |
Marmara |
8 mm |
1,435 |
568 |
-5 |
Marmara |
12 mm |
1,415 |
560 |
-5 |
Iskenderun |
8 mm |
1,395 |
552 |
0 |
Iskenderun |
10 mm |
1,380 |
546 |
0 |
Iskenderun |
12 mm |
1,370 |
543 |
0 |
Izmir |
8 mm |
1,410 |
558 |
0 |
Izmir |
10 mm |
1,400 |
554 |
0 |
Izmir |
12 mm |
1,390 |
550 |
0 |
Karabuk |
8 mm |
1,420 |
562 |
0 |
Karabuk |
12 mm |
1,400 |
554 |
0 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 2.14