After rebar demand picked up in the Turkish domestic market on July 9, prices also followed a rising trend. However, the increase in rebar demand has now been replaced by sluggishness, and the upward movement in prices has come to a halt. Meanwhile, it is reported that, before concluding deals, market players are awaiting the closure of Turkish steel mill Kardemir's domestic rebar sales in order to gain a better picture of the market situation.
According to information collected by SteelOrbis from market sources current rebar prices in the Turkish domestic steel market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price change (TRY/mt) 09.07.2012 |
Marmara | 8 mm | 1,375 | 644 | -25 |
Marmara | 12 mm | 1,365 | 639 | -15 |
Iskenderun | 8 mm | 1,370 | 641 | -10 |
Iskenderun | 10 mm | 1,360 | 637 | -10 |
Iskenderun | 12 mm | 1,350 | 632 | -10 |
Izmir | 8 mm | 1,350 | 632 | -5 |
Izmir | 10 mm | 1,335 | 625 | -5 |
Izmir | 12mm | 1,325 | 620 | -5 |
Karabuk | 8 mm | 1,370 | 641 | -10 |
Karabuk | 12 mm | 1,350 | 632 | -10 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 1.81