Demand for domestic merchant bar in Turkey has remained at low levels over the past two weeks. The depreciation of the Turkish lira against the US dollar ended at the beginning of the current week. with the Turkish lira starting to gain strength once again on December 5. In this context, the price decreases recorded in the long steel market on Turkish lira basis have strengthened expectations of a downward movement in the local Turkish merchant bar market. Accordingly, buyers have preferred to postpone their domestic merchant bar purchases.
Over the past two weeks, no significant change has been recorded in domestic merchant bar quotations, while producers in Turkey's Karabuk region who had failed to pass on the depreciation of the Turkish lira in their prices last week have increased their prices by TRY 40/mt.
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) | |
24.11.2016 | |||
Denizli Region (30-100 mm) | 1,610-1,650 ($472-484/mt) | ↔ | 0 |
Karabuk Region (30-100mm) | 1,550-1,610 ($455-472/mt) | ↑ | 40 |
Iskenderun Region (30-100 mm) | 1,460-1,470 ($428-431/mt) | ↔ | 0 |
Izmir Region (30-100 mm) | 1,580-1,620 ($463-475/mt) | ↔ | 0 |
Flat Bar Prices:
Region | Prices (TRY/mt) | Price change (TRY/mt) | |
24.11.2016 | |||
Denizli Region (30-100 mm) | 1,640-1,680 ($481-493/mt) | ↔ | 0 |
Karabuk Region (30-100mm) | 1,580-1,640 ($463-481/mt) | ↑ | 40 |
Iskenderun Region (30-100 mm) | 1,490-1,500 ($437-440/mt) | ↔ | 0 |
Izmir Region (30-100 mm) | 1,610-1,650 ($472-484/mt) | ↔ | 0 |
NPI-NPU Prices:
Region | Prices (TRY/mt) | Price change (TRY/mt) | |
24.11.2016 | |||
Denizli Region (30-100 mm) | 1,610-1,650 ($472-484/mt) | ↔ | 0 |
Karabuk Region (30-100 mm) | 1,550-1,610 ($455-472/mt) | ↑ | 40 |
Iskenderun Region (30-100 mm) | 1,460-1,470 ($428-431/mt) | ↔ | 0 |
Izmir Region (30-50 mm) | 1,580-1,620 ($463-475/mt) | ↔ | 0 |
All prices are ex-works, on actual weight basis, for November 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 3.41