Market players report that rebar spot prices in the local Turkish market, where the transaction volume is on the weak side this week, have been softening. Local steelmaker Icdas is concluding sales in the spot market far below its list prices, while Kardemir has received demand for 24,000 mt of rebar in total so far in its domestic rebar sales which opened on April 18 at the price level of TRY 1,259/mt ($597/mt) ex-works, excluding VAT and its sales are still open.
As of today, April 30, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) 28.04.2014 |
Marmara |
8 mm |
1,480 |
594 |
-25 |
Marmara |
12 mm |
1,460 |
586 |
-25 |
Iskenderun |
8 mm |
1,500 |
602 |
-10 |
Iskenderun |
10 mm |
1,490 |
598 |
-10 |
Iskenderun |
12 mm |
1,480 |
594 |
-10 |
Izmir |
8 mm |
1,475 |
592 |
-10 |
Izmir |
10 mm |
1,460 |
586 |
-10 |
Izmir |
12 mm |
1,450 |
582 |
-10 |
Karabuk |
8 mm |
1,500 |
602 |
0 |
Karabuk |
12 mm |
1,480 |
594 |
0 |
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 2.11