Merchant bar prices in local Turkish market are at the following levels:
Angle prices:
Aegean region : $435/mt+VAT
Karabuk region: $415/mt+VAT
Payas region : TRY 510-530/mt+VAT (approx. $377-391/mt+VAT)
Flat bar prices:
Aegean region : $435/mt+VAT
Karabuk region: $420/mt+VAT
Sudden increase in
billet prices created an uncertainty in the market. Prices are still offer prices. Since Isdemir has not announced its new price list, the increase in
billet prices is not reflected on the Payas region prices yet.