Currency fluctuation fails to impact local structural steel prices in Turkey

Thursday, 14 May 2015 17:31:07 (GMT+3)   |   Istanbul
According to market sources, prices in the local Turkish structural steel market have remained unchanged during the past week. Local prices on Turkish lira basis were adjusted upwards last week against the backdrop of the strengthening of the US dollar to TRY 2.72. However in the current week the US dollar has weakened TRY 2.62 due to lower-than-expected retail sales in April in the US. Despite this, most Turkish structural steel producers have kept their price levels unchanged with the support of rising raw material prices. Market sources state that structural prices may be adjusted in the coming period, depending on the US dollar-Turkish lira exchange rate and the future trend of scrap prices.

Denizli region

NPI-NPU 160 mm

TRY 1,400-1,440/mt ($538-554/mt)

NPI-NPU 180-200 mm

TRY 1,420-1,460/mt ($546-562/mt)

T Profile 25 mm

TRY 1,520-1,560/mt ($585-600/mt)

T Profile 50 mm

TRY 1,530-1,550/mt ($588-596/mt)

Square 10-25 mm

TRY 1,420-1,460/mt ($546-562/mt)

Square 25-50 mm

TRY 1,430-1,470/mt ($550-565/mt)

Izmir region

NPI-NPU 65-160  mm

TRY 1,380-1,420/mt ($531-546/mt)

NPI-NPU 180-200 mm

TRY 1,400-1,440/mt ($538-554/mt)

Square 10-25 mm

TRY 1,420-1,460/mt ($546-562/mt)

Square 25-50 mm

TRY 1,430-1,470/mt ($550-565/mt)

Karabuk region

NPI-NPU 160 mm

€450/mt ($513/mt)

NPI-NPU 180-300 mm

€455/mt ($519/mt)

NPI-NPU 320-550 mm

€515/mt ($587/mt)

HEA/HEB 120-200 mm          

€465/mt ($530/mt)

HEA/HEB 220-260 mm          

€515/mt ($587/mt)

The above prices,which exclude VAT, are on ex-works basis.

$1 = TRY 2.60

€1 = $1.14

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Width 40 - 400 mm
 
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HEA

Width 80 - 500 mm
 
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HEB

Width 80 - 500 mm
 
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