Traders experienced huge panic at the beginning of the week. It was possible to find prices at TRY 925-930/mt, including 18 percent VAT, from traders in Ege and Iskenderun due to the softening in the US dollar exchange rate. However, there has been a slight movement, especially in Iskenderun, as of today. Rolling mills in Iskenderun are not interested in giving prices below TRY 950/mt, including 18 percent VAT. The slight rise in the US dollar exchange rate is also reinforcing the producers.
The new prices are at the following levels:
Marmara Region:
12 mm |
around $605/mt |
Payas area:
Small dia. |
TRY 960/mt ($689/mt) |
Large dia. |
TRY 950/mt ($682/mt) |
Izmir area:
8 mm |
TRY 950/mt ($682/mt) |
10 mm |
TRY 960/mt ($689/mt) |
12 mm |
TRY 970/mt ($697/mt) |
All TRY prices include 18 percent VAT and are ex-works.
USD equivalents exclude VAT
1 USD = 1.3489 TRY