Local Turkish merchant bar market decreases slightly

Tuesday, 16 July 2019 17:34:02 (GMT+3)   |   Istanbul
       

Prices in the local Turkish merchant bar market have decreased during the past week, due to lower scrap quotations and the weakness of demand. Accordingly, Turkish mills’ angle prices have fallen by TRY 60/mt as compared to Monday, July 8, to 2,800-3,040/mt ex-works, excluding 18 percent VAT.

Turkish merchant bar producers will shape their future price strategy depending on the trends of import scrap, ex-CIS billet and domestic billet quotations. Still, buyers are expected to continue exerting pressure on domestic merchant bar prices.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,030-3,040

531-532

↓30

Karabuk Region (30-100mm)

2,860-2,900

501-508

↓30

Iskenderun Region (30-100 mm)

2,800-2,810

490-492

↓80

Izmir Region (30-100 mm)

3,000-3,010

525-527

↓30

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,060-3,070

536-538

↓30

Karabuk Region (30-100mm)

2,890-2,930

506-513

↓30

Iskenderun Region (30-100 mm)

2,830-2,840

496-497

↓80

Izmir Region (30-100 mm)

3,030-3,040

531-532

↓30

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,030-3,040

531-532

↓30

Karabuk Region (30-100 mm)

2,860-2,900

501-508

↓30

Iskenderun Region (30-100 mm)

2,800-2,810

490-492

↓80

Izmir Region (30-50 mm)

3,000-3,010

525-527

↓30

 

The above prices exclude 18 percent VAT and are on ex-works basis. 

$1 = TRY 5.71

 


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