The merchant bar prices in the local Turkish market, which have been maintaining their strong position, have been varying due to the softening in the US$ exchange rate.
The merchant bar prices in this market as of Wednesday, May 21, depending on size, thickness and region, are at the following levels: small IPN-UPN are priced at TRY 1,540-1,560/mt ($1,201-1,217/mt), 100-120 mm IPE are at TRY 1,580-1,610/mt ($1,273-1,297/mt), angles stand at TRY 1,520-1,550/mt ($1,224-1,248/mt), and flat bars and square bars are at TRY 1,530-1,570/mt ($1,233-1,265/mt) - all prices are ex-works, on actual weight basis and excluding VAT. The prices also may differ in the sales price levels of traders (with previously-taken positions) which are lower than the mills' levels, and also depending on ups and downs in the exchange rates of the Turkish lira and other currencies.
Angles:
Denizli region (30-100 mm) | TRY 1,530-1,550/mt |
Karabuk region (30-100 mm) | TRY 1,525-1,540/mt |
Iskenderun region (30-100 mm) | TRY 1,520-1,540/mt |
Izmir region (30-100 mm) | TRY 1,530-1,540/mt |
Flat bars:
Iskenderun region | TRY 1,540-1,560/mt |
Denizli region | TRY 1,540-1,570/mt |
Karabuk region | TRY 1,530-1,550/mt |
Izmir region | TRY 1,540-1,550/mt |
Square bars:
Denizli region | TRY 1,540-1,570/mt |
Karabuk region | TRY 1,530-1,550/mt |
Izmir region | TRY 1,540-1,550/mt |
Iskenderun region | TRY 1,540-1,560/mt |
IPN-UPN:
Denizli region | TRY 1,550-1,560/mt |
Karabuk region (160-200 mm) | TRY 1,560/mt |
Karabuk region (220-550 mm) | TRY 1,840/mt |
Iskenderun region | TRY 1,540-1,550/mt |
IPE:
Iskenderun region (100-120 mm) | TRY 1,600-1,610/mt |
Karabuk region (160-200 mm) | TRY 1,580/mt |
All the above prices exclude VAT.
TRY 1 = US$0.805