According to market sources, domestic producers’ prices on Turkish lira basis in the local Turkish structural steel market have been revised downwards by TRY 10-20/mt on average during the past week against the backdrop of weakening demand, despite the strengthening of the US dollar against the Turkish lira. Buyers’ purchasing activity is slack due to Ramadan and the continuing political uncertainty in Turkey and this situation is expected to continue until the end of Ramadan.
As of today, July 1, structural steel prices in the Turkish domestic market are as follows:
| Denizli region | |
| NPI-NPU 160 mm | TRY 1,320-1,350/mt ($493-504/mt) |
| NPI-NPU 180-200 mm | TRY 1,350-1,380/mt ($504-515/mt) |
| T Profile 25 mm | TRY 1,450-1,480/mt ($541-552/mt) |
| T Profile 50 mm | TRY 1,470-1,500/mt ($549-560/mt) |
| Square 10-25 mm | TRY 1,360-1,380/mt ($507-515/mt) |
| Square 25-50 mm | TRY 1,370-1,390/mt ($511-519/mt) |
| Izmir region | |
| NPI-NPU 65-160 mm | TRY 1,300-1,330/mt ($485-496/mt) |
| NPI-NPU 180-200 mm | TRY 1,330-1,360/mt ($496-507/mt) |
| Square 10-25 mm | TRY 1,340-1,370/mt ($500-511/mt) |
| Square 25-50 mm | TRY 1,360-1,390/mt ($507-519/mt) |
| Karabuk region | |
| NPI-NPU 160 mm | €465/mt ($516/mt) |
| NPI-NPU 180-300 mm | €470/mt ($522/mt) |
| NPI-NPU 320-550 mm | €530/mt ($588/mt) |
| HEA/HEB 120-180 mm | €480/mt ($533/mt) |
| HEA/HEB 220-260 mm | €530/mt ($588/mt) |
The above prices, which exclude VAT, are on ex-works basis.
$1 = TRY 2.68
€1 = $1.11