Local Turkish merchant bar prices continue to soften

Monday, 05 August 2019 17:44:39 (GMT+3)   |   Istanbul
       

SteelOrbis has been informed that Turkish merchant bar producers have lowered their prices due to slowing demand in their domestic market ahead of the Feast of Sacrifice holiday. Accordingly, Turkish mills’ angle prices have decreased by TRY 130/mt on the lower end and by TRY 100/mt on the upper end as compared to Monday, July 29, to TRY 2,700-2,920/mt ex-works, excluding 18 percent VAT. Market sources said demand in the local Turkish merchant bar market is expected to improve after the holiday.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,900-2,920

523-527

↓95

Karabuk Region (30-100mm)

2,800-2,810

505-507

↓75

Iskenderun Region (30-100 mm)

2,700-2,710

487-489

↓135

Izmir Region (30-100 mm)

2,860-2,880

516-520

↓95

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,930-2,950

529-532

↓95

Karabuk Region (30-100mm)

2,830-2,840

511-513

↓75

Iskenderun Region (30-100 mm)

2,730-2,740

493-495

↓135

Izmir Region (30-100 mm)

2,890-2,910

522-525

↓95

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,900-2,920

523-527

↓95

Karabuk Region (30-100 mm)

2,800-2,810

505-507

↓75

Iskenderun Region (30-100 mm)

2,700-2,710

487-489

↓135

Izmir Region (30-50 mm)

2,860-2,880

516-520

↓95

 

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

$1 = TRY 5.54


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