Merchant bar prices in local Turkish market

Thursday, 12 June 2008 13:06:16 (GMT+3)   |  
       

Supported by the strength of billet prices, merchant bar prices in the local Turkish market have been maintaining their strong position. The merchant bar prices in this market as of Thursday, June 12, depending on size, thickness and region, are at the following levels: small IPN-UPN are priced at TRY 1,600-1,640/mt ($1,275-1,307/mt), 100-120 mm IPE are at TRY 1,660-1,700/mt ($1,323-1,355/mt), angles stand at TRY 1,585-1,630/mt ($1,263-1,299/mt), and flat bars and square bars are at TRY 1,590-1,640/mt ($1,268-1,308/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 1,600-1,620/mt

Karabuk region (30-100 mm)

     TRY 1,600-1,620/mt  

Iskenderun region (30-100 mm)

     TRY 1,585-1,595/mt  

Izmir region (30-100 mm)

     TRY 1,610-1,630/mt

Flat bars:

Iskenderun region

     TRY 1,590-1,610/mt

Denizli region

     TRY 1,610-1,630/mt

Karabuk region

     TRY 1,610-1,630/mt

Izmir region

     TRY 1,620-1,640/mt

Square bars:

Denizli region

    TRY 1,610-1,630/mt

Karabuk region

    TRY 1,610-1,630/mt

Izmir region

    TRY 1,620-1,640/mt

Iskenderun region

    TRY 1,590-1,610/mt

IPN-UPN:

Denizli region

TRY 1,620-1,640/mt

Karabuk region (160-200 mm)

TRY 1,620-1,640/mt

Iskenderun region

TRY 1,600-1,620/mt

IPE:

Iskenderun region (100-120 mm)

 TRY 1,660/mt

Karabuk region (160-200 mm)

 TRY 1,700/mt

All the above prices exclude VAT.

TRY 1 = US$0.797


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