Since SteelOrbis’ report published on February 8, domestic merchant bar prices in Turkey have remained unchanged. In this period of time, Turkish steel mills’ production costs have increased due to the rises seen in global billet and scrap quotations. Despite the higher production costs, weak domestic merchant bar demand in Turkey has prevented local prices from moving up over the past two weeks.
On the other hand, Turkish steel producers have received strong demand from international buyers in this period, with their order books for March now almost full. As a result, they are not expected to reduce their domestic merchant bar offers in the short term, also given the support of higher raw material quotations.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
|
Denizli Region (30-100 mm) |
2,350-2,370 |
618-624 |
|
Karabuk Region (30-100mm) |
2,400-2,430 |
632-639 |
|
Iskenderun Region (30-100 mm) |
2,200-2,230 |
579-587 |
|
Izmir Region (30-100 mm) |
2,320-2,340 |
611-616 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
|
Denizli Region (30-100 mm) |
2,380-2,400 |
626-632 |
|
Karabuk Region (30-100mm) |
2,430-2,460 |
639-647 |
|
Iskenderun Region (30-100 mm) |
2,230-2,260 |
587-595 |
|
Izmir Region (30-100 mm) |
2,350-2,370 |
618-624 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
|
Denizli Region (30-100 mm) |
2,350-2,370 |
618-624 |
|
Karabuk Region (30-100 mm) |
2,400-2,430 |
632-639 |
|
Iskenderun Region (30-100 mm) |
2,200-2,230 |
579-587 |
|
Izmir Region (30-50 mm) |
2,320-2,340 |
611-616 |