In the local Turkish rebar market, mills have been standing their ground as regards rebar prices while some traders have been offering rebars at TRY 30-40/mt ($15-20/mt) below the mills' price levels. Meanwhile, end-user demand has been on quite a slack trend.
The current rebar prices from local mills in the Turkish domestic market are as follows:
Region | Product | Price |
Marmara | 8 mm | TRY 970/mt (approx. $508/mt) |
Marmara | 12 mm | TRY 930/mt (approx. $487/mt) |
Iskenderun | 8 mm | TRY 920/mt (approx. $481/mt) |
Iskenderun | 12 mm | TRY 910/mt (approx. $476/mt) |
Izmir | 8 mm | TRY 920/mt (approx. $481/mt) |
Izmir | 12 mm | TRY 900/mt (approx. $471/mt) |
Karabuk | 8 mm | TRY 920/mt (approx. $481/mt) |
Karabuk | 12 mm | TRY 900/mt (approx. $471/mt) |
All prices are ex-works/ex-warehouse and on actual weight basis, while TRY prices are including VAT and US$ prices are excluding VAT.
US$1 = TRY 1.61825