According to market sources, domestic producers’ prices in the local Turkish structural steel market have increased by TRY 60-130/mt during the past week, due to the strengthening of the US dollar against the Turkish lira. Meanwhile, producers’ prices in the Karabuk region have decreased by €35/m in the same period. Currently, demand in the Turkish structural steel market is very weak and transaction activity has slowed down.
As of today, August 28, structural steel prices in the Turkish domestic market are as follows:
| Denizli region | ||
| Product | Price (TRY/mt) | Price ($/mt) |
| NPI-NPU 160 mm | 1,360-1,390 | 466-476 |
| NPI-NPU 180-200 mm | 1,390-1,410 | 476-483 |
| T Profile 25 mm | 1,460-1,480 | 500-507 |
| T Profile 50 mm | 1,480-1,500 | 507-514 |
| Square 10-25 mm | 1,390-1,410 | 476-483 |
| Square 25-50 mm | 1,410-1,430 | 483-490 |
| Izmir region | ||
| Product | Price (TRY/mt) | Price ($/mt) |
| NPI-NPU 65-160 mm | 1,330-1,360 | 455-466 |
| NPI-NPU 180-200 mm | 1,360-1,380 | 466-473 |
| Square 10-25 mm | 1,360-1,380 | 466-473 |
| Square 25-50 mm | 1,380-1,400 | 473-479 |
| Karabuk region | ||
| Product | Price (€/mt) | Price ($/mt) |
| NPI-NPU 160 mm | 405 | 458 |
| NPI-NPU 180-200 mm | 410 | 463 |
| NPI-NPU 320-550 mm | 480 | 542 |
| HEA/HEB 120-180 mm | 420 | 475 |
| HEA/HEB 200-260 mm | 480 | 542 |
The above prices, which exclude VAT, are on ex-works basis.
$1 = TRY 2.92
€1 = $1.13