Local Turkish merchant bar prices fall amid weaker scrap prices

Tuesday, 10 May 2022 17:18:17 (GMT+3)   |   Istanbul
       

As of today, May 10, merchant bar prices in Turkey have decreased TRY 265-435/mt ($43-54/mt) compared to Thursday, April 28. The main reasons are the negative sentiment in the import scrap segment, sluggish demand and rapid currency fluctuations. Most buyers are maintaining a wait-and-see stance as regards new purchases.

One Iskenderun-based mill opened its merchant bar sales at $850/mt ex-works yesterday after a long absence. Also, one Izmir-based mill has set its merchant bar prices higher than the average merchant bar price range due to its ongoing export bookings.

Turkish merchant bar re-rollers are mostly offering for June-early July delivery and only limited tonnages are available from stocks. An Izmir-based mill has cut its price for HEA/HEB (100-200 mm, standard) by $20/mt to $1,300/mt ex-works amid weaker scrap prices.

Equal Angle Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

13,330-13,720

875-900

-265

-43

Karabuk Region (30-100mm)

13,100-13,260

860-870

-435

-54

Iskenderun Region (30-100 mm)

12,950

850

N/A

N/A

Izmir Region (30-100 mm)

13,175-13,570

865-890

-267.5

-43

Flat Bar Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

13,360-13,750

877-902

-265

-43

Karabuk Region (30-100mm)

13,130-13,290

862-872

-435

-54

Iskenderun Region (30-100 mm)

12,980

852

N/A

N/A

Izmir Region (30-100 mm)

13,205-13,600

866-892

-267.5

-43

NPI-NPU Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

13,330-13,720

875-900

-265

-43

Karabuk Region (30-100 mm)

13,100-13,260

860-870

-435

-54

Iskenderun Region (30-100 mm)

12,950

850

N/A

N/A

Izmir Region (30-50 mm)

13,175-13,570

865-890

-267.5

-43

The above prices exclude 18 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Thursday, April 28.

$1 = TRY 15.24


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