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