Rebar prices keep moving up in Turkey

Tuesday, 26 June 2012 17:26:27 (GMT+3)   |  
While rebar prices in the Turkish domestic market have continued to move upward with increase margins varying depending on the regions, shortages continue to be observed for some specific rebar sizes in some areas. After the upward price announcement of domestic producer Icdas yesterday, June 25, another Turkish steel maker Kardemir also increased its rebar prices today, though demand for the mill's rebar offers has remained quite weak. Meanwhile, market sources believe that increases in rebar prices will not be long-lived, while buyers continue to conclude deals in line with their needs.

According to information collected by SteelOrbis from market sources, as of today, June 26, rebar prices in the Turkish domestic steel market are as follows:

Region

Dimension

Price (TRY/mt)

Price ($/mt)

Price change (TRY/mt)

22.06.2012

Marmara

8 mm

1,375

640

+15

Marmara

12 mm

1,355

631

+15

Iskenderun

8 mm

1,380

643

+5

Iskenderun

10 mm

1,370

638

+5

Iskenderun

12 mm

1,360

633

+5

Izmir

8 mm

1,355

631

+10

Izmir

10 mm

1,340

624

+10

Izmir

12mm

1,330

619

+10

Karabuk

8 mm

1,370

638

+10

Karabuk

12 mm

1,350

629

+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 1.82

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