End-user demand has continued to be stagnant in the Turkish domestic rebar market. Since the rise in strength of the US dollar against the Turkish lira, prices which last week had decreased below the level of TRY 800/mt ($400/mt) have this week again risen above this level.
The current rebar prices from local mills in the Turkish domestic market are as follows:
Region |
Product |
Price |
Marmara |
8 mm |
TRY 840-870/mt (approx. $420-435/mt) |
Marmara |
12 mm |
TRY 820-850/mt (approx. $410-425/mt) |
Iskenderun |
8 mm |
TRY 810/mt (approx. $405/mt) |
Iskenderun |
12 mm |
TRY 800/mt (approx. $400/mt) |
Izmir |
8 mm |
TRY 840/mt (approx. $420/mt) |
Izmir |
10 mm |
TRY 820/mt (approx. $410/mt) |
Izmir |
12 mm |
TRY 810/mt (approx. $405/mt) |
Karabuk |
8 mm |
TRY 810/mt (approx. $405/mt) |
Karabuk |
12 mm |
TRY 800/mt (approx. $400/mt) |
All prices are ex-works/ex-warehouse and on actual weight basis, while TRY prices are including VAT and US$ prices are excluding VAT.
US$1 = TRY 1.69379