Turkish domestic merchant bar prices mostly stable

Tuesday, 10 October 2023 15:22:59 (GMT+3)   |   Istanbul
       

Over the past week, Turkish official domestic merchant bar prices have increased slightly on lira basis in the Karabuk region in order to offset currency fluctuations, while prices have remained unchanged in the rest of the country in the local currency, with minor changes on US dollar basis.

One Iskenderun-based mill has kept its official merchant bar price at TRY 17,000/mt ($613/mt) ex-works, falling by $5/mt from a week ago.

Most merchant bar sellers are offering either for late October-November delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 24,000/mt ($865/mt) ex-works for delivery in the Karabuk region, rising by TRY 400/mt ($7/mt), SteelOrbis has heard.

Equal Angle Prices:

Region                   

Prices (TRY/mt)                   

Prices ($/mt)                   

Price change (TRY/mt)                   

Price change ($/mt)                   

Denizli Region (30-100 mm)                   

18,250-18,450        

658-665               

0

-6  

Karabuk Region (30-100mm)                   

17,800-18,000              

642-649                

+50          

-4        

Iskenderun Region (30-100 mm)                   

17,000-17,270          

613-623               

0           

-5        

Izmir Region (30-100 mm)                   

17,950-18,150              

647-655               

0  

-6         

Flat Bar Prices:

Region                   

Prices (TRY/mt)                   

Prices ($/mt)                   

Price change (TRY/mt)                   

Price change ($/mt)                   

Denizli Region (30-100 mm)                   

18,290-18,490         

660-667      

0

-5    

Karabuk Region (30-100mm)                   

17,840-18,040           

643-651               

+50         

-4      

Iskenderun Region (30-100 mm)                   

17,040-17,310             

614-624            

0        

-5        

Izmir Region (30-100 mm)                   

17,990-18,190                      

649-656              

0   

-5        

NPI-NPU Prices:

Region                   

Prices (TRY/mt)                   

Prices ($/mt)                   

Price change (TRY/mt)                   

Price change ($/mt)                   

Denizli Region (30-100 mm)                   

18,250-18,450           

658-665         

-6  

Karabuk Region (30-100 mm)                   

17,800-18,000            

642-649                 

+50       

-4        

Iskenderun Region (30-100 mm)                   

17,000-17,270            

613-623               

0    

-5               

Izmir Region (30-50 mm)                   

17,950-18,150              

647-655             

0             

-6

The above prices exclude 20 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Tuesday, October 3.

$1 = TRY 27.73


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