According to market sources, transaction activity is slack in the Turkish domestic rebar market. In some regions, Turkish producers have increased their rebar offers due to the depreciation of the Turkish Lira against the US dollar today, May 20, while buyers find the offers in question to be on the high side.
Meanwhile, Turkish producers' rebar offers are currently at TRY 1,430-1,480/mt ($677-701/mt) ex-works, including VAT.
As of today, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) 15.05.2014 |
Marmara | 8 mm | 1,460 | 586 | ↑10 |
Marmara | 12 mm | 1.440 | 578 | ↑10 |
Iskenderun | 8 mm | 1.475 | 592 | ↑15 |
Iskenderun | 10 mm | 1.460 | 586 | ↑15 |
Iskenderun | 12 mm | 1.450 | 582 | ↑15 |
Izmir | 8 mm | 1.435 | 576 | ↑15 |
Izmir | 10 mm | 1.425 | 572 | ↑15 |
Izmir | 12 mm | 1.415 | 568 | ↑15 |
Karabuk | 8 mm | 1.460 | 586 | 0 |
Karabuk | 12 mm | 1.440 | 578 | 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 2,09