Over the past week, domestic structural steel prices in Turkey’s Denizli and Izmir regions have decreased by TRY 15/mt, while prices in Turkey’s Karabuk region have declined by a higher margin on euro basis. Since demand has slackened further in the market, traders and producers are finding it difficult to conclude deals, while producers’ inventories are on the high side which makes it harder for them to continue their operations under the current market conditions. According to market sources, in the next few months traders are expected to conclude purchases only in line with the orders they receive, instead of building stocks. Accordingly, producers are expected to continue to carry large stocks, while this situation has already started to constitute a big burden for them.
As of today, February 3, structural steel prices in the Turkish domestic market are as follows:
| Denizli region | ||||
| Product | Price (TRY/mt) | Price ($/mt) | ||
| NPI-NPU 160 mm | 1,145 – 1,175 | 387-397 | ||
| NPI-NPU 180-200 mm | 1,165 – 1,175 | 394-397 | ||
| T Profile 25 mm | 1,265 – 1,295 | 428-438 | ||
| T Profile 50 mm | 1,285– 1,295 | 435-438 | ||
| Square 10-25 mm | 1,175– 1,185 | 397-401 | ||
| Square 25-50 mm | 1,185– 1,195 | 401-404 | ||
| Izmir region | ||||
| Product | Price (TRY/mt) | Price ($/mt) | ||
| NPI-NPU 65-160 mm | 1,115 – 1,145 | 377-387 | ||
| NPI-NPU 180-200 mm | 1,135 – 1,145 | 384-387 | ||
| Square 10-25 mm | 1,145 – 1,155 | 387-391 | ||
| Square 25-50 mm | 1,155– 1,165 | 391-394 | ||
| Karabuk region | ||||
| Product | Price (€/mt) | Price ($/mt) | ||
| NPI-NPU 160 mm | 335 | 387 | ||
| NPI-NPU 180-200 mm | 340 | 371 | ||
| NPI-NPU 320-550 mm | 415 | 453 | ||
| HEA/HEB 120-180 mm | 345 | 376 | ||
| HEA/HEB 200-260 mm | 415 | 453 | ||
The above prices, which exclude VAT, are on ex-works basis.
$1 = TRY 2.96
€1 = $1.09