In the Turkish domestic long steel market, rebar prices had started to move up amid local producers' price increase for rebar and rising demand, and prices reached the level of TRY 1,233-1,254/mt ($685-697/mt) + VAT ex-warehouse, depending on regions. However, the falling demand level has caused a price softening in the market.
As of today, in the Turkish domestic market rebar quotations of traders are at TRY 1,212-1,237/mt ($673-687/mt) + VAT ex-warehouse. On the other hand, Turkish producers' rebar prices have not shown any significant price softening. In particular, the latest rebar transactions from the Iskenderun region of Turkey to Iraq, which have been at the level of $700-710/mt, have provided strong support for local producers' domestic rebar prices.
Region |
Dimension |
Price (TRY/mt) |
Price ($/mt) |
Price change (TRY/mt) 09.04.2012 |
Marmara |
8 mm |
1,480 |
706 |
-20 |
Marmara |
12 mm |
1,460 |
697 |
-20 |
Iskenderun |
8 mm |
1,480 |
697 |
-25 |
Iskenderun |
10 mm |
1,470 |
704 |
-25 |
Iskenderun |
12 mm |
1,460 |
699 |
-25 |
Izmir |
8 mm |
1,455 |
697 |
-25 |
Izmir |
10 mm |
1,440 |
690 |
-25 |
Izmir |
12mm |
1,430 |
685 |
-25 |
Karabuk |
8 mm |
1,480 |
704 |
-15 |
Karabuk |
12 mm |
1,460 |
694 |
-15 |
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