Local Turkish merchant bar market moves sideways

Monday, 22 July 2019 16:17:41 (GMT+3)   |   Istanbul
       

Prices in the local Turkish merchant bar market have remained unchanged during the past week due to the weakness of demand. Accordingly, Turkish mills’ angle prices have remained stable as compared to Tuesday, July 16, at TRY 2,800-3,040/mt ex-works, excluding 18 percent VAT. SteelOrbis has been informed that discounts on list prices for serious buyers are available in the local Turkish merchant bar market.

Since market players believe that the future trend of the Turkish lira-US dollar exchange rate will be shaped by the Central Bank of Turkey’s anticipated decision on interest rates to be announced after its meeting on July 25, a revision in local mills prices is possible after the meeting and would take effect next week.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,030-3,040

533-535

0

Karabuk Region (30-100mm)

2,860-2,900

504-511

0

Iskenderun Region (30-100 mm)

2,800-2,810

493-495

0

Izmir Region (30-100 mm)

3,000-3,010

528-530

0

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,060-3,070

539-540

0

Karabuk Region (30-100mm)

2,890-2,930

509-516

0

Iskenderun Region (30-100 mm)

2,830-2,840

498-500

0

Izmir Region (30-100 mm)

3,030-3,040

533-535

0

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,030-3,040

533-535

0

Karabuk Region (30-100 mm)

2,860-2,900

504-511

0

Iskenderun Region (30-100 mm)

2,800-2,810

493-495

0

Izmir Region (30-50 mm)

3,000-3,010

528-530

0

 

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

$1 = TRY 5.68


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