The upward movement of rebar prices which started yesterday, June 21 in the Turkish domestic market has continued today, with increase margins varying depending on the different regions. With Turkish steel mills' new scrap bookings and the end of the downtrend in scrap prices which had lasted for several weeks, expectations for rebar prices to increase further have grown in the market and market players who are in need of new purchases have started to conclude deals at the new prices.
According to information collected by SteelOrbis from market sources, as of today, June 22, rebar prices in the Turkish domestic steel market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price change (TRY/mt) 21.06.2012 |
Marmara | 8 mm | 1,360 | 637 | +20 |
Marmara | 12 mm | 1,340 | 627 | +20 |
Iskenderun | 8 mm | 1,375 | 644 | +10 |
Iskenderun | 10 mm | 1,365 | 639 | +10 |
Iskenderun | 12 mm | 1,355 | 634 | +10 |
Izmir | 8 mm | 1,345 | 630 | +20 |
Izmir | 10 mm | 1,330 | 623 | +20 |
Izmir | 12mm | 1,320 | 618 | +20 |
Karabuk | 8 mm | 1,360 | 637 | 0 |
Karabuk | 12 mm | 1,340 | 627 | 0 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 1.81