Rebar demand improves in Turkish domestic market

Monday, 09 July 2012 10:37:47 (GMT+3)   |  
After some Turkish steel mills closed their domestic rebar sales, the market has seen some improvement and prices have moved up. Demand for rebar from mills has been expected to increase as traders' finished steel stocks have been diminishing. For now, traders state that rebar demand in the domestic market has improved compared to the previous week.

Rebar prices have increased approximately by $20/mt since last week in the local market, while rare rebar sizes have been sold for as much as TRY 5-10/mt ($9-18/mt) higher than the general price range.

According to information collected by SteelOrbis from market sources, as of today, July 9, rebar prices in the Turkish domestic steel market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price change (TRY/mt)

09.07.2012

Marmara

8 mm

1,400

648

+20

Marmara

12 mm

1,380

639

+20

Iskenderun

8 mm

1,380

639

+20

Iskenderun

10 mm

1,370

634

+20

Iskenderun

12 mm

1,360

630

+20

Izmir

8 mm

1,355

627

+20

Izmir

10 mm

1,340

621

+20

Izmir

12mm

1,330

616

+20

Karabuk

8 mm

1,380

639

+10

Karabuk

12 mm

1,360

630

+10

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 1.83


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