The Turkish domestic rebar market has continued its upward trend which started before the Feast of Sacrifice holiday. Local producers have adjusted their prices upwards. Kardemir closed its sales today, October 31, after receiving orders amounting to over 25,000 mt for domestic sales at TRY 1,081/mt ($604/mt) + VAT ex-works.
As of today, traders' rebar offers are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price change (TRY/mt) 22.10.2012 |
Marmara | 8 mm | 1,320 | 625 | +30 |
Marmara | 12 mm | 1,300 | 615 | +30 |
Iskenderun | 8 mm | 1,325 | 627 | +30 |
Iskenderun | 10 mm | 1,315 | 623 | +30 |
Iskenderun | 12 mm | 1,305 | 618 | +30 |
Izmir | 8 mm | 1,295 | 613 | +10 |
Izmir | 10 mm | 1,280 | 606 | +10 |
Izmir | 12 mm | 1,270 | 601 | +10 |
Karabuk | 8 mm | 1,320 | 625 | +30 |
Karabuk | 12 mm | 1,300 | 615 | +30 |
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 1.79