The lowest offer levels can be seen in the Izmir region at the moment, while buying activity in the Iskenderun region, where demand was better previously, has slowed down and buyers have started to postpone purchases as they believe prices will dip further.
As of today, May 9, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes 07.05.2013 |
Marmara |
8 mm |
1,295 |
613 |
0 |
Marmara |
12 mm |
1,275 |
604 |
0 |
Iskenderun |
8 mm |
1,300 |
615 |
-5 |
Iskenderun |
10 mm |
1,285 |
608 |
-5 |
Iskenderun |
12 mm |
1,275 |
604 |
-5 |
Izmir |
8 mm |
1,285 |
608 |
-5 |
Izmir |
10 mm |
1,265 |
599 |
-5 |
Izmir |
12 mm |
1,255 |
594 |
-5 |
Karabuk |
8 mm |
1,305 |
618 |
-5 |
Karabuk |
12 mm |
1,285 |
608 |
-5 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 1.79
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.