In the Turkish domestic market last week, traders' 12 mm rebar prices were standing at TRY 1,127-1,144/mt ($626-636/mt) ex-warehouse. Moving to this week, while prices are still unchanged at last week's levels, the market is becoming quieter.
Traders have no room to cut their rebar prices further and there is no demand at current market prices. Thus, in an apparent stalemate, the Turkish domestic rebar market is expected to struggle with a flat price trend and poor demand for some time more.
According to information collected by SteelOrbis from market sources as of July 30, rebar prices in the Turkish domestic steel market are as follows:
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price change (TRY/mt) 25.07.2012 |
Marmara |
8 mm |
1,360 |
640 |
0 |
Marmara |
12 mm |
1,340 |
631 |
0 |
Iskenderun |
8 mm |
1,365 |
643 |
0 |
Iskenderun |
10 mm |
1,355 |
638 |
0 |
Iskenderun |
12 mm |
1,350 |
636 |
0 |
Izmir |
8 mm |
1,355 |
638 |
0 |
Izmir |
10 mm |
1,340 |
631 |
0 |
Izmir |
12mm |
1,330 |
626 |
0 |
Karabuk |
8 mm |
1,360 |
640 |
0 |
Karabuk |
12 mm |
1,340 |
631 |
0 |
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 1.80