According to the market information collected by SteelOrbis, traders' prices have softened by TRY 5-20/mt ($3-11/mt) over the past two days in the Turkish domestic market, though the downward price trend has not stimulated demand. Meanwhile, local mill Icdas' domestic rebar sales are still open, while no sharp decreases are predicted in mills' prices as ex-US HMS I/II 80:20 scrap offers are hovering at $400-405/mt CFR.
As of today, March 27, traders' rebar offers in the Turkish domestic market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price changes 25.03.2013 |
Marmara |
8 mm |
1,340 |
624 |
-5 |
Marmara |
12 mm |
1,320 |
615 |
-5 |
Iskenderun |
8 mm |
1,320 |
615 |
-10 |
Iskenderun |
10 mm |
1,310 |
610 |
-10 |
Iskenderun |
12 mm |
1,300 |
605 |
-10 |
Izmir |
8 mm |
1,315 |
612 |
-10 |
Izmir |
10 mm |
1,300 |
605 |
-10 |
Izmir |
12 mm |
1,290 |
601 |
-10 |
Karabuk |
8 mm |
1,320 |
615 |
-20 |
Karabuk |
12 mm |
1,300 |
605 |
-20 |
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 1.82