Over the past week, Turkish official domestic merchant bar prices have remained stable in the local currency in the Denizli and Izmir regions, while rising by TRY 200/mt in the Karabuk region. On US dollar basis, prices indicate a $2-9/mt decrease in these regions. Moreover, one Iskenderun-based mill has closed its longs sales this week.
Most merchant bar sellers are offering either for February delivery or from stocks. The general sentiment on the demand side is negative due to the ongoing currency fluctuations.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
20,300-20,600 |
682-692 |
0 |
-9 |
Karabuk Region (30-100mm) |
19,600-20,000 |
658-672 |
+200 |
-2 |
Iskenderun Region (30-100 mm) |
N/A |
N/A |
N/A |
N/A |
Izmir Region (30-100 mm) |
20,000-20,300 |
680-690 |
0 |
-7 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
20,340-20,640 |
683-693 |
0 |
-9 |
Karabuk Region (30-100mm) |
19,640-20,040 |
660-673 |
+200 |
-2 |
Iskenderun Region (30-100 mm) |
N/A |
N/A |
N/A |
N/A |
Izmir Region (30-100 mm) |
20,040-20,340 |
673-683 |
0 |
-9 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
20,300-20,600 |
682-692 |
0 |
-9 |
Karabuk Region (30-100 mm) |
19,600-20,000 |
658-672 |
+200 |
-2 |
Iskenderun Region (30-100 mm) |
N/A |
N/A |
N/A |
N/A |
Izmir Region (30-50 mm) |
20,000-20,300 |
680-690 |
0 |
-8 |
The above prices exclude 20 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Wednesday, December 27.
$1 = TRY 29.78