Merchant bar prices in local Turkish market

Tuesday, 08 July 2008 15:36:36 (GMT+3)   |  
       

Merchant bar prices in the local Turkish market have softened slightly due to the sluggishness in demand and the decreasing TRY/US$ exchange rate. The merchant bar prices in this market as of Tuesday, July 8, depending on size, thickness and region, are at the following levels: small IPN-UPN are priced at TRY 1,650-1,690/mt ($1,344-1,377/mt), 100-120 mm IPE are at TRY 1,690-1,750/mt ($1,377-1,425/mt), angles stand at TRY 1,645-1,720/mt ($1,340-1,401/mt), and flat bars and square bars are at TRY 1,670-1,730/mt ($1,360-1,409/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.

Angles:

Denizli region (30-100 mm)

     TRY 1,670-1,690/mt

Karabuk region (30-100 mm)

     TRY 1,700-1,720/mt  

Iskenderun region (30-100 mm)

     TRY 1,645-1,665/mt  

Izmir region (30-100 mm)

     TRY 1,680-1,700/mt

Flat bars:

Iskenderun region

     TRY 1,670-1,690/mt

Denizli region

     TRY 1,680-1,700/mt

Karabuk region

     TRY 1,710-1,730/mt

Izmir region

     TRY 1,690-1,710/mt

Square bars:

Denizli region

    TRY 1,680-1,700/mt

Karabuk region

    TRY 1,710-1,730/mt

Izmir region

    TRY 1,690-1,710/mt

Iskenderun region

    TRY 1,670-1,690/mt

IPN-UPN:

Denizli region

TRY 1,670-1,690/mt

Iskenderun region

TRY 1,650-1,670/mt

IPE:

Iskenderun region (100-120 mm)

 TRY 1,690-1,720/mt

Karabuk region (160-200 mm)

 TRY 1,730-1,750/mt

All the above prices exclude VAT.

TRY 1 = US$0.814


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