According to market sources, prices in the Turkish domestic rebar market have indicated some decreases at the beginning of the week amid slack transaction activity. Market sources state that today, May 12, local steelmaker Icdas' rebar offers which are at TRY 1,226/mt ($586/mt) for the Marmara region and at TRY 1,212/mt ($580/mt) for Biga and Canakkale, both ex-works and excluding VAT, are significantly below its list prices, with deals being concluded at these levels. The producer's list prices for 12-32 mm rebar are at TRY 1,254/mt ($600/mt) for the Marmara region and at TRY 1,242/mt ($594/mt) for Biga and Canakkale, both ex-works and excluding VAT.
As of today, May 12, traders' rebar offers in the Turkish domestic market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price changes (TRY/mt) 08.05.2014 |
Marmara | 8 mm | 1.460 | 592 | 0 |
Marmara | 12 mm | 1.440 | 584 | 0 |
Iskenderun | 8 mm | 1.475 | 598 | 0 |
Iskenderun | 10 mm | 1.460 | 592 | 0 |
Iskenderun | 12 mm | 1450 | 588 | 0 |
Izmir | 8 mm | 1.435 | 582 | ↓15 |
Izmir | 10 mm | 1.420 | 576 | ↓15 |
Izmir | 12 mm | 1.410 | 572 | ↓15 |
Karabuk | 8 mm | 1.470 | 596 | ↓5 |
Karabuk | 12 mm | 1.450 | 588 | ↓5 |
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 2,09