Rebar demand slows down and price uptrend ends in local Turkish market

Thursday, 12 July 2012 11:12:01 (GMT+3)   |  
After rebar demand picked up in the Turkish domestic market on July 9, prices also followed a rising trend. However, the increase in rebar demand has now been replaced by sluggishness, and the upward movement in prices has come to a halt. Meanwhile, it is reported that, before concluding deals, market players are awaiting the closure of Turkish steel mill Kardemir's domestic rebar sales in order to gain a better picture of the market situation.

According to information collected by SteelOrbis from market sources current 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

1,375

644

-25

Marmara

12 mm

1,365

639

-15

Iskenderun

8 mm

1,370

641

-10

Iskenderun

10 mm

1,360

637

-10

Iskenderun

12 mm

1,350

632

-10

Izmir

8 mm

1,350

632

-5

Izmir

10 mm

1,335

625

-5

Izmir

12mm

1,325

620

-5

Karabuk

8 mm

1,370

641

-10

Karabuk

12 mm

1,350

632

-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 1.81


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