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