Buyers in the local Turkish merchant bar market are observed to be cautious amid the negative developments in the economy and also due to the sharp fluctuations seen in the Turkish lira-US dollar exchange rate over the past two weeks. Market sources state that buyers conclude purchases only in line with their needs, while Turkish merchant bar producers are setting their prices depending on the movements of the exchange rate. Additionally, SteelOrbis has been informed that demand in the local Turkish merchant bar market is not expected to improve in the short term given the economic indicators.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
|
Denizli Region (30-100 mm) |
3,760-3,780 |
596-599 |
↓180 |
|
Karabuk Region (30-100mm) |
3,450-3,470 |
547-550 |
↑100 |
|
Iskenderun Region (30-100 mm) |
3,360-3,380 |
532-536 |
↑110 |
|
Izmir Region (30-100 mm) |
3,730-3,750 |
591-594 |
↓180 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
|
Denizli Region (30-100 mm) |
3,790-3,810 |
601-604 |
↓180 |
|
Karabuk Region (30-100mm) |
3,480-3,500 |
552-555 |
↑100 |
|
Iskenderun Region (30-100 mm) |
3,390-3,410 |
537-540 |
↑110 |
|
Izmir Region (30-100 mm) |
3,760-3,780 |
596-599 |
↓180 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
|
Denizli Region (30-100 mm) |
3,760-3,780 |
596-599 |
↓180 |
|
Karabuk Region (30-100 mm) |
3,450-3,470 |
547-550 |
↑100 |
|
Iskenderun Region (30-100 mm) |
3,360-3,380 |
532-536 |
↑110 |
|
Izmir Region (30-50 mm) |
3,730-3,750 |
591-594 |
↓180 |
The above prices exclude 18 percent VAT and are on ex-works basis.
$1 = TRY 6.31