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Latest situation in local Turkish merchant bar market

Wednesday, 30 April 2014 14:45:14 (GMT+3) | Istanbul

According to market sources, demand in the Turkish structural steel market has been sluggish over the past week. Buyers have postponed their purchases due to the May 1 holiday and also as they are waiting to see whether a meeting of the US Federal Reserve will impact the exchange rate of the Turkish lira against the US dollar. In the meantime, suppliers are reluctant to conclude deals for large tonnages.

Denizli region

NPI-NPU 160 mm	TRY 1,390-1,400/mt ($659-664/mt)
NPI-NPU 180-200 mm	TRY 1,400-1,410/mt ($664-668/mt)
T Profile 25 mm	TRY 1,470-1,490/mt ($697-706/mt)
T Profile 30-40 mm	TRY 1,450-1,470/mt ($687-697/mt)
T Profile 50 mm	TRY 1,490-1,510/mt ($706-716/mt)
Square 10-25 mm	TRY 1,390-1,410/mt ($659-668/mt)
Square 25-50 mm	TRY 1,400-1,420/mt ($664-673/mt)

Izmir region

NPI-NPU 65-160 mm	TRY 1,330-1350/mt ($630-640/mt)
NPI-NPU 180-200 mm	TRY 1,350-1,370/mt ($640-649/mt)
Square 10-25 mm	TRY 1,370-1,380/mt ($649-654/mt)
Square 25-50 mm	TRY 1,390-1,400/mt ($659-664/mt)
T Profile 25 mm	TRY 1,560-1,580/mt ($739-749/mt)
T Profile 30-40 mm	TRY 1,500-1,510/mt ($711-716/mt)

Karabuk region

NPI-NPU 160 mm	€440/mt ($607/mt)
NPI-NPU 180-300 mm	€445/mt ($614/mt)
NPI-NPU 320-550 mm	€485/mt ($669/mt)
HEA/HEB 120-200 mm	€465/mt ($641/mt)
HEA/HEB 220-260 mm	€485/mt ($669/mt)