Latest situation in local Turkish merchant bar market

Thursday, 25 August 2016 15:01:08 (GMT+3)   |   Istanbul
       

Demand for domestic production merchant bar in Turkey, which is expected to revive after next month's Feast of Sacrifice holiday, has failed to improve over the past month and is still at low levels as buyers in the local Turkish merchant bar market are concluding deals only in line with their needs. Due to the weak demand conditions, domestic merchant bar prices in the Turkish market have declined by an average of $20/mt compared to the price levels recorded on July 27.
 
Domestic merchant bar prices in the Turkish market depending on size, thickness and region are at the following levels:

Equal Angle Prices:      

 

Region

Prices (TRY/mt)

Price change (TRY/mt)

28.07.2016

Denizli Region (30-100 mm)

1,320-1,330 ($449-384/mt)

20

Karabuk Region (30-100mm)

1,280-1,300 ($435-442/mt)

20

Iskenderun Region (30-100 mm)

1,245-1,275 ($423-434/mt)

20

Izmir Region (30-100 mm)

1,290-1,300 ($439-442/mt)

20

Flat Bar Prices:    

 

Region

Prices (TRY/mt)

Price change (TRY/mt)

28.07.2016

Denizli Region (30-100 mm)

1,350-1,360 ($459-463/mt)

20

Karabuk Region (30-100mm)

1,310-1,330 ($446-452/mt)

20

Iskenderun Region (30-100 mm)

1,275-1,305 ($434-444/mt)

20

Izmir Region (30-100 mm)

1,320-1,330 ($449-452/mt)

20

NPI-NPU Prices:

 

Region

Prices (TRY/mt)

Price change (TRY/mt)

28.07.2016

Denizli Region (30-100 mm)

1,320-1,330 ($449-384/mt)

20

Karabuk Region (30-100 mm)

1,280-1,300 ($435-442/mt)

20

Iskenderun Region (30-100 mm)

1,245-1,275 ($423-434/mt)

20

Izmir Region (30-50 mm)

1,290-1,300 ($439-442/mt)

20

All prices are ex-works, on actual weight basis, for September delivery and excluding VAT.
 
It should be considered that offers below the prices ranges in question may be available, depending on the buyer and on the method of payment.
 
$1 = TRY 2.94

   


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