The strengthening of the US dollar against the Turkish lira and the increased scrap prices seen this week have provided support for rebar prices in the Turkish domestic market. Meanwhile, Turkish mill Kardemir's ongoing local rebar sales have started to attract some demand. However, traders indicate that end-user demand has continued to remain limited.
According to the market information collected by SteelOrbis, as of today, February 21, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price change (TRY/mt) 20.02.2013 |
Marmara |
8 mm |
1,305 |
618 |
+10 |
Marmara |
12 mm |
1,285 |
608 |
+10 |
Iskenderun |
8 mm |
1,285 |
608 |
+20 |
Iskenderun |
10 mm |
1,275 |
604 |
+20 |
Iskenderun |
12 mm |
1,265 |
599 |
+20 |
Izmir |
8 mm |
1,295 |
613 |
+10 |
Izmir |
10 mm |
1,280 |
606 |
+10 |
Izmir |
12 mm |
1,270 |
601 |
+10 |
Karabuk |
8 mm |
1,305 |
618 |
+25 |
Karabuk |
12 mm |
1,285 |
608 |
+25 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 1.79