Local Turkish merchant bar prices decrease due to sliding import scrap prices

Thursday, 05 September 2019 17:07:04 (GMT+3)   |   Istanbul
       

Due to lower import scrap quotations recorded in Turkey, local Turkish merchant bar prices have also moved down. Also, SteelOrbis has been informed that Turkish merchant bar producers have decreased their angle prices by an average of TRY 60/mt as compared to Tuesday, August 27, to TRY 2,640-2,850/mt ex-works, excluding 18 percent VAT.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,840-2,850

499-501

-40

Karabuk Region (30-100mm)

2,700-2,730

475-480

-20

Iskenderun Region (30-100 mm)

2,640-2,650

464-466

-100

Izmir Region (30-100 mm)

2,800-2,810

492-494

-40

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,870-2,880

504-506

-40

Karabuk Region (30-100mm)

2,730-2,760

480-485

-20

Iskenderun Region (30-100 mm)

2,670-2,680

469-471

-100

Izmir Region (30-100 mm)

2,830-2,840

497-499

-40

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,840-2,850

499-501

-40

Karabuk Region (30-100 mm)

2,700-2,730

475-480

-20

Iskenderun Region (30-100 mm)

2,640-2,650

464-466

-100

Izmir Region (30-50 mm)

2,800-2,810

492-494

-40

 

The above prices exclude 18 percent VAT and are on ex-works basis. Price changes in the tables above are calculated as compared to Tuesday, August 27.

$1 = TRY 5.69


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