Local Turkish merchant bar prices decrease slightly

Friday, 31 May 2019 15:53:19 (GMT+3)   |   Istanbul
       

Turkish mills’ domestic merchant bar offers have moved down by TRY 40/mt over the past week to TRY 3,000-3,290/mt ($511-560/mt) ex-works, excluding 18 percent VAT. This decrease in domestic merchant bar prices is a result of slightly lower scrap quotations, economic instability and weak demand conditions in Turkey. SteelOrbis has been informed that buyers have a strong advantage in purchase negotiations amid these weak demand conditions.

Equal Angle Prices:  

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,270-3,290

557-560

↓5

Karabuk Region (30-100mm)

3,130-3,200

533-545

↓10

Iskenderun Region (30-100 mm)

3,000-3,010

511-513

↓40

Izmir Region (30-100 mm)

3,240-3,260

552-555

↓5

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,300-3,320

562-566

↓5

Karabuk Region (30-100mm)

3,160-3,230

538-550

↓10

Iskenderun Region (30-100 mm)

3,030-3,040

516-518

↓40

Izmir Region (30-100 mm)

3,270-3,290

557-560

↓5

 

 NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,270-3,290

557-560

↓5

Karabuk Region (30-100 mm)

3,130-3,200

533-545

↓10

Iskenderun Region (30-100 mm)

3,000-3,010

511-513

↓40

Izmir Region (30-50 mm)

3,240-3,260

552-555

↓5

 

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

$1 = TRY 5.87


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