According to information collected by SteelOrbis from market sources, as of today, October 12, rebar prices in the Turkish domestic steel market are as follows :
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price change (TRY/mt) (10.10.2011) |
Marmara |
8 mm |
1,520 |
704 |
-40 |
Marmara |
12 mm |
1,500 |
695 |
-40 |
Iskenderun |
8 mm |
1,530 |
709 |
-30 |
Iskenderun |
10 mm |
1,520 |
704 |
-30 |
Iskenderun |
12 mm |
1,510 |
699 |
-30 |
Izmir |
8 mm |
1,525 |
706 |
-30 |
Izmir |
10 mm |
1,510 |
699 |
-30 |
Izmir |
12mm |
1,500 |
695 |
-30 |
Karabuk |
8 mm |
1,550 |
718 |
-20 |
Karabuk |
12 mm |
1,530 |
709 |
-20 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
Due to the decline in the strength of the US dollar against the Turkish lira and the sluggish demand, rebar prices in Turkish domestic market have seen a downward correction.
US$1 = TRY 1.83