Drop continues in Turkish rebar market

Turkish rebar prices have continued to soften both in the Turkish domestic market and in the export markets. In the Turkish domestic market, where demand has remained extremely low, rebar prices are standing at the level of TRY 1,102/mt ($612/mt) + VAT, depending on regions.
 
According to information collected by SteelOrbis from market sources, as of September 11 traders' rebar prices in the Turkish domestic steel market are as follows:
  

Region	Dimension	Price (TRY/mt)	Price ($/mt)	Price change (TRY/mt) 06.09.2012
Marmara	8 mm	1,315	619	-30
Marmara	12 mm	1,295	610	-30
Iskenderun	8 mm	1,320	621	-20
Iskenderun	10 mm	1,310	617	-20
Iskenderun	12 mm	1,300	612	-20
Izmir	8 mm	1,300	612	-10
Izmir	10 mm	1,285	605	-10
Izmir	12mm	1,275	600	-10
Karabuk	8 mm	1,330	626	-25
Karabuk	12 mm	1,310	617	-25

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 1.80