Rebar spot prices in the Turkish domestic market have been revised downward as demand has failed to indicate a recovery. Meanwhile, Kardemir is expected to open its domestic sales for rebar and billet in the coming week with a reduction in its prices, following the price adjustment made by local mill Icdas early this week.
Kardemir's most recent rebar sales were opened at TRY 1,301/mt ($597/mt) ex-works, excluding VAT, on January 21, while on January 7 the mill had opened its sales for S235JR grade (St37) billets at the level of $521/mt ex-works, excluding VAT and also opened its sales for MT III-A grade billets at $526/mt ex-works, excluding VAT.
As of today, February 14, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) 10.2.2014 |
Marmara |
8 mm |
1,505 |
585 |
-20 |
Marmara |
12 mm |
1,485 |
577 |
-20 |
Iskenderun |
8 mm |
1,480 |
575 |
-5 |
Iskenderun |
10 mm |
1,470 |
571 |
-5 |
Iskenderun |
12 mm |
1,460 |
568 |
-5 |
Izmir |
8 mm |
1,475 |
573 |
-25 |
Izmir |
10 mm |
1,460 |
568 |
-25 |
Izmir |
12 mm |
1,450 |
564 |
-25 |
Karabuk |
8 mm |
1,500 |
583 |
-20 |
Karabuk |
12 mm |
1,480 |
575 |
-20 |
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 2.18