Local Turkish merchant bar prices decrease in all regions

Monday, 30 September 2019 17:47:44 (GMT+3)   |   Istanbul
       

SteelOrbis has been informed that domestic merchant bar prices in Turkey have decreased in all local regions at different rates due to sluggish demand and the appreciation of the Turkish lira against the US dollar. Domestic merchant bar prices in the Denizli and Izmır regions have decreased by TRY 50, while prices in the Iskenderun region have fallen by TRY 120/mt, with prices in the Karabuk region declining by TRY 15/mt.

Meanwhile, domestic angle prices in Turkey are currently at TRY 2,550-2,700/mt ex-works, excluding 18 percent VAT. Market sources state that merchant bar producers are offering discounts of TRY 20-40/mt for definite orders in most regions.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,690-2,700

477-479

-50

Karabuk Region (30-100mm)

2,630-2,650

466-470

-15

Iskenderun Region (30-100 mm)

2,550-2,560

452-454

-120

Izmir Region (30-100 mm)

2,650-2,660

470-472

-50

               

Flat Bar Prices:                                                   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2.720-2.730

482-484

-50

Karabuk Region (30-100mm)

2.660-2.680

472-475

-15

Iskenderun Region (30-100 mm)

2.580-2.590

458-459

-120

Izmir Region (30-100 mm)

2.680-2.690

475-477

-50

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,690-2,700

477-479

-50

Karabuk Region (30-100 mm)

2,630-2,650

466-470

-15

Iskenderun Region (30-100 mm)

2,550-2,560

452-454

-120

Izmir Region (30-50 mm)

2,650-2,660

470-472

-50

 

The above prices exclude 18 percent VAT and are on ex-works basis. Price changes in the tables above are calculated as compared to Thursday, September 23.

$1 = TRY 5.64


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