Increased rebar prices in Turkish domestic market fail to gain acceptance

According to information collected by SteelOrbis from market sources, with some upside movement registered yesterday, October 1, rebar prices in the Turkish domestic market failed to gain acceptance by local market players, while buyers have continued to seek lower prices for purchases. 
 
Accordingly, as of October 2 rebar prices in the Turkish domestic steel market are as follows:
  

Region	Dimension	Price (TRY/mt)	Price ($/mt)	Price change (TRY/mt) 01.10.2012
Marmara	8 mm	1,265	599	-10
Marmara	12 mm	1,245	589	-10
Iskenderun	8 mm	1,275	604	-10
Iskenderun	10 mm	1,265	599	-10
Iskenderun	12 mm	1,255	594	-10
Izmir	8 mm	1,270	601	-10
Izmir	10 mm	1,255	594	-10
Izmir	12 mm	1,245	589	-10
Karabuk	8 mm	1,280	606	-10
Karabuk	12 mm	1,260	597	-10

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