Last week, the rebar price levels of the mills did not show any changes through Friday in the Turkish domestic market. However, this situation forced the prices to move in a downward course after three weeks on an upward trend. A wide range of rebar offers is being heard from domestic traders. Offers from the mills for 8-40 mm rebars are currently standing at TRY 1,050-1,120/mt ($544-580/mt), while offers from the traders are in a range TRY 1,010-1,050/mt ($523-544/mt).
Accordingly, the current rebar prices in the Turkish domestic market are as follows:
Region | Product | Price |
Marmara | 8 mm | TRY 1,060-1,100/mt (approx. $548-570/mt) |
Marmara | 12 mm | TRY 1,040-1,080/mt (approx. $539-559/mt) |
Iskenderun | 8 mm | TRY 1,050-1,120/mt (approx. $544-580/mt) |
Iskenderun | 12 mm | TRY 1,040-1,110/mt (approx. $539-575/mt) |
Izmir | 8 mm | TRY 1,050-1,080/mt (approx. $544-560/mt) |
Izmir | 12 mm | TRY 1,030-1,060/mt (approx. $534-549/mt) |
Karabuk | 8 mm | TRY 1,030/mt (approx. $534/mt) |
Karabuk | 12 mm | TRY 1,010/mt (approx. $523/mt) |
Sivas | 12-22 mm | TRY 1,050/mt (approx. $544/mt) |
The above TRY prices are ex-works, on actual weight basis and including VAT, while the US$ prices are ex-works, on actual weight basis and excluding VAT.
US$1 = TRY 1.63546