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