Rebar prices in Turkish market pick up

Prices of reinforcing bars in the Turkish local market indicate an increase this week. The new prices are at the following levels:

 
Marmara Region:
Small dia.: TRY 735-745/mt (approx. $463-470/mt)
Medium dia: TRY 715-725/mt (approx. $450-457/mt)
Large dia.: TRY 710-720/mt (approx. $447-454/mt)
 
Payas Region:
Small dia.: TRY 730/mt (approx. $460/mt)
Large dia.: TRY 720/mt (approx. $454/mt) 

Aegean Region:
Small dia.: TRY 740-755/mt (approx. $467-476/mt)
Medium dia: TRY 730-740/mt (approx. $460-467/mt)
Large dia.: TRY 720-735/mt (approx. $454-463/mt)

All TRY prices include 18% VAT. USD equivalents exclude VAT. 1 USD = 1.34216 TRY Brisk demand in the local market and the increase in scrap and billet prices have caused an increase in local rebar prices.