Prices in the local Turkish rebar market have this week increased by TRY 20-60/mt including VAT ($11-32/mt excluding VAT) depending on the regions. It is observed that the end user demand have been softening as the religious holiday is coming near.
Accordingly, the current rebar prices in the Turkish domestic market are as follows:
Region | Product | Price |
Marmara | 8 mm | TRY 880/mt (approx. $466/mt) |
Marmara | 12 mm | TRY 860/mt (approx. $455/mt) |
Iskenderun | 8 mm | TRY 880/mt (approx. $466/mt) |
Iskenderun | 12 mm | TRY 870/mt (approx. $461/mt) |
Izmir | 8 mm | TRY 860/mt (approx. $455/mt) |
Izmir | 12 mm | TRY 840/mt (approx. $445/mt) |
Karabuk | 8 mm | TRY 870-900/mt (approx. $461-477/mt) |
Karabuk | 12 mm | TRY 850/mt (approx. $450/mt) |
Sivas | 12-22 mm | TRY 890/mt (approx. $471/mt) |
The above TRY prices are ex-works/ex-warehouse, on actual weight basis and including VAT, while the US$ prices are ex-works, on actual weight basis and excluding VAT.
US$1 = TRY 1.60023