Low demand in the Turkish domestic market has continued to prevent rebar prices from registering increases. Even though Turkish steel mills tried to raise their offers early this week, weak demand did not allow any increases.
As of today, October 9, mills' rebar prices are ranging at TRY 1,051-1,064/mt ($577-585/mt) ex-works, excluding VAT, while traders' offers are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price change (TRY/mt) 08.10.2012 |
Marmara |
8 mm |
1,260 |
587 |
-5 |
Marmara |
12 mm |
1,240 |
577 |
-5 |
Iskenderun |
8 mm |
1,260 |
587 |
-5 |
Iskenderun |
10 mm |
1,250 |
582 |
-5 |
Iskenderun |
12 mm |
1,240 |
577 |
-5 |
Izmir |
8 mm |
1,260 |
587 |
-5 |
Izmir |
10 mm |
1,245 |
580 |
-5 |
Izmir |
12 mm |
1,235 |
575 |
-5 |
Karabuk |
8 mm |
1,265 |
589 |
-5 |
Karabuk |
12 mm |
1,245 |
580 |
-5 |
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