According to market sources, demand in the Turkish rebar market has remained sluggish over the past week, while traders in the domestic market are still buying just in line with their needs and prefer to keep their stocks at low levels.
Turkish producer Icdas has started to offer rebar at TRY 20/mt below its list prices due to sluggish demand. The producer's 12-32 mm rebar prices in Turkey's Marmara region are at TRY 1,225/mt ($575/mt) + VAT ex-works, while its rebar prices in Biga, Canakkale in northwestern Turkey are at TRY 1,212/mt ($569/mt) + VAT ex-works.
As of today, June 23, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) 18.06.2014 |
Marmara | 8 mm | 1,440 | 573 | -15 |
Marmara | 12 mm | 1,420 | 565 | -15 |
Iskenderun | 8 mm | 1,435 | 571 | 0 |
Iskenderun | 10 mm | 1,420 | 565 | 0 |
Iskenderun | 12 mm | 1,410 | 561 | 0 |
Izmir | 8 mm | 1,430 | 569 | -5 |
Izmir | 10 mm | 1,415 | 563 | -5 |
Izmir | 12 mm | 1,405 | 559 | -5 |
Karabuk | 8 mm | 1,430 | 569 | -5 |
Karabuk | 12 mm | 1,410 | 561 | -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 2.13