SteelOrbis has been informed that buyers in the local Turkish merchant bar market prefer to postpone their purchases ahead of the referendum to be held on April 16, while demand in the market is at very low levels. Over the past two weeks, domestic merchant bar prices in Turkey have moved downwards amid the declines recorded in import billet and scrap quotations and also due to the influence of weak demand.
Domestic merchant bar prices in the Turkish market depending on size, thickness and region are at the following levels:
Equal Angle Prices:
Region | Prices (TRY/mt) | Price change (TRY/mt) | |
16.03.2017 | |||
Denizli Region (30-100 mm) | 1,730-1,750 ($475-481/mt) | ↓ | 132.5 |
Karabuk Region (30-100mm) | 1,710-1,720 ($470-473/mt) | ↓ | 117.5 |
Iskenderun Region (30-100 mm) | 1,660-1,700 ($456-467/mt) | ↓ | 105 |
Izmir Region (30-100 mm) | 1,700-1,720 ($467-473/mt) | ↓ | 132.5 |
Flat Bar Prices:
Region | Prices (TRY/mt) | Price change (TRY/mt) | |
16.03.2017 | |||
Denizli Region (30-100 mm) | 1,760-1,780 ($484-489/mt) | ↓ | 132.5 |
Karabuk Region (30-100mm) | 1,740-1,750 ($478-481/mt) | ↓ | 117.5 |
Iskenderun Region (30-100 mm) | 1,690-1,730 ($464-475/mt) | ↓ | 105 |
Izmir Region (30-100 mm) | 1,730-1,750 ($475-481/mt) | ↓ | 132.5 |
NPI-NPU Prices:
Region | Prices (TRY/mt) | Price change (TRY/mt) | |
16.03.2017 | |||
Denizli Region (30-100 mm) | 1,730-1,750 ($475-481/mt) | ↓ | 132.5 |
Karabuk Region (30-100 mm) | 1,710-1,720 ($470-473/mt) | ↓ | 117.5 |
Iskenderun Region (30-100 mm) | 1,660-1,700 ($456-467/mt) | ↓ | 105 |
Izmir Region (30-50 mm) | 1,700-1,720 ($467-473/mt) | ↓ | 132.5 |
All prices are ex-works, on actual weight basis, for March delivery and excluding VAT.
It should be considered that offers below the prices ranges in question may be available, depending on the buyer and on the method of payment.
$1 = TRY 3.64