The overall trading volume in the local Turkish rebar market has remained low this week. Traders are trying to sell their stocks, while Turkish producers' domestic rebar quotations are varying in the range of TRY 1,263-1,280/mt ($585-592/mt) ex-works, excluding VAT. Meanwhile, Kardemir has not received any demand for its local rebar sales, opened on August 26.
As of today, August 29, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) |
Marmara | 8 mm | 1,500 | 589 |
Marmara | 12 mm | 1,480 | 581 |
Iskenderun | 8 mm | 1,475 | 579 |
Iskenderun | 10 mm | 1,460 | 573 |
Iskenderun | 12 mm | 1,450 | 569 |
Izmir | 8 mm | 1,480 | 581 |
Izmir | 10 mm | 1,470 | 577 |
Izmir | 12 mm | 1,460 | 573 |
Karabuk | 8 mm | 1,490 | 585 |
Karabuk | 12 mm | 1,470 | 577 |
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 2.16