According to information collected by SteelOrbis from market sources, without enough support from export markets the high rebar prices in the Turkish domestic market have failed to gain the acceptance of local market players, while the consensus in the market is pointing towards a further decrease.
Accordingly, as of October 3 rebar prices in the Turkish domestic steel market are as follows:
Region | Dimension | Price (TRY/mt) | Price ($/mt) | Price change (TRY/mt) 02.10.2012 |
Marmara | 8 mm | 1,265 | 599 | 0 |
Marmara | 12 mm | 1,255 | 594 | 0 |
Iskenderun | 8 mm | 1,275 | 604 | -10 |
Iskenderun | 10 mm | 1,255 | 594 | -10 |
Iskenderun | 12 mm | 1,245 | 589 | -10 |
Izmir | 8 mm | 1,270 | 601 | 0 |
Izmir | 10 mm | 1,255 | 594 | 0 |
Izmir | 12 mm | 1,245 | 589 | 0 |
Karabuk | 8 mm | 1,270 | 601 | -10 |
Karabuk | 12 mm | 1,250 | 592 | -10 |
All prices are ex-warehouse and on actual weight basis. The TRY prices include 18 percent VAT, while the US$ prices exclude VAT.
$1 = TRY 1.79