Rebar demand slows down and price uptrend ends in local Turkish market

Thursday, 12 July 2012 11:12:01 (GMT+3)   |  
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 However, the increase in rebar demand has now been replaced by sluggishness, and the upward movement in prices has come to a halt.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

Marketplace Offers

Deformed Bar

Diameter 8 - 40 mm
 
Tedarikçi CONARES METAL SUPPLY
View Offer

Deformed Bar

Diameter 6 - 32 mm
  ES ISO 6935-2 2019 B500BWR , ASTM A615 GR 60
Tedarikçi YOTTA TRADING
View Offer

Deformed Bar

Diameter 8 - 32 mm
 
Tedarikçi SHATTAF STEEL IND. CO. LLC.
View Offer

Similar articles

Turkish mill Kardemir opens billet and rebar sales in domestic market

Kardemir closes its rebar sales

Turkish mill Kardemir’s rebar sales prices decrease

Kardemir issues planned sales volumes for October-December

Kardemir closes its rebar sales

Turkish mill Kardemir revises downward its rebar sales prices

Turkish mill Kardemir reduces its rebar prices

Turkey’s Kardemir sees improved net profit in H1

Turkish mill Kardemir’s domestic rebar sales remain open

Turkish rebar market remains quiet ahead of holiday