Local Turkish merchant bar market moves down due to weak demand

Monday, 17 June 2019 16:30:25 (GMT+3)   |   Istanbul
       

Turkish mills’ domestic merchant bar offers have moved down by TRY 55/mt as compared to SteelOrbis’ report published on May 31 to TRY 2,940-3,240/mt ($501-552/mt) ex-works, excluding 18 percent VAT. It is observed that this decrease in domestic merchant bar prices is a result of the lower scrap quotations, weak demand conditions, not-very-strong export sales and political uncertainties in Turkey.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,180-3,240

542-552

↓70

Karabuk Region (30-100mm)

2,990-3,060

509-521

↓140

Iskenderun Region (30-100 mm)

2,940-3,040

501-518

↓15

Izmir Region (30-100 mm)

3,140-3,200

535-545

↓80

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,210-3,270

547-557

↓70

Karabuk Region (30-100mm)

3,020-3,090

514-526

↓140

Iskenderun Region (30-100 mm)

2,970-3,070

506-523

↓15

Izmir Region (30-100 mm)

3,170-3,230

540-550

↓80

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,180-3,240

542-552

↓70

Karabuk Region (30-100 mm)

2,990-3,060

509-521

↓140

Iskenderun Region (30-100 mm)

2,940-3,040

501-518

↓15

Izmir Region (30-50 mm)

3,140-3,200

535-545

↓80

 

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

 

$1 = TRY 5.87


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