Following last week's price declines, the Turkish domestic rebar market has witnessed a further price softening of TRY 10-20/mt ($6-11/mt) in the current week.
Market insiders have told SteelOrbis that rebar demand has shown no improvement this week, while they expect rebar prices to continue to indicate a slight softening.
As of today, April 2, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) 27.03.2013 |
Marmara |
8 mm |
1,320 |
627 |
-20 |
Marmara |
12 mm |
1,300 |
618 |
-20 |
Iskenderun |
8 mm |
1,310 |
618 |
-10 |
Iskenderun |
10 mm |
1,300 |
613 |
-10 |
Iskenderun |
12 mm |
1,290 |
609 |
-10 |
Izmir |
8 mm |
1,305 |
616 |
-10 |
Izmir |
10 mm |
1,290 |
609 |
-10 |
Izmir |
12 mm |
1,280 |
604 |
-10 |
Karabuk |
8 mm |
1,320 |
618 |
0 |
Karabuk |
12 mm |
1,300 |
609 |
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