In the Turkish domestic market the rebar price levels of local mills have decreased compared to the levels seen at the beginning of the current week. Against the background of the rising prices of recent weeks, the traders who have built up their inventories are now feeling anxious that prices may register a further decline and so are exerting considerable efforts to sell off their stocks.
Accordingly, the current rebar prices in the Turkish domestic market are as follows:
Region | Product | Price |
Marmara | 8 mm | TRY 1,000/mt (approx. $506/mt) |
Marmara | 12 mm | TRY 980/mt (approx. $497/mt) |
Iskenderun | 8 mm | TRY 990/mt (approx. $501/mt) |
Iskenderun | 12 mm | TRY 980/mt (approx. $497/mt) |
Izmir | 8 mm | TRY 1,000/mt (approx. $506/mt) |
Izmir | 12 mm | TRY 980/mt (approx. $497/mt) |
Karabuk | 8 mm | TRY 990/mt (approx. $501/mt) |
Karabuk | 12 mm | TRY 970/mt (approx. $491/mt) |
The above TRY prices are ex-works, on actual weight basis and including VAT, while the US$ prices are ex-works, on actual weight basis and excluding VAT.
US$1 = TRY 1.67405