Prices in the local Turkish merchant bar market have started this week with a sharp downward movement due to the weakness of demand, the decline in import scrap prices, and since Turkish mills’ export sales have not been performing so well. In this context, Turkish mills’ domestic merchant bar offers have moved down by TRY 140/mt as compared to prices in SteelOrbis’ report published on June 17 to TRY 2,820-3,080/mt ($485-530/mt) ex-works, excluding 18 percent VAT.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Denizli Region (30-100 mm) |
3,070-3,080 |
528-530 |
↓135 |
Karabuk Region (30-100mm) |
2,950-2,960 |
508-510 |
↓70 |
Iskenderun Region (30-100 mm) |
2,820-2,830 |
485-487 |
↓165 |
Izmir Region (30-100 mm) |
3,040-3,050 |
523-525 |
↓125 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Denizli Region (30-100 mm) |
3,100-3,110 |
534-535 |
↓135 |
Karabuk Region (30-100mm) |
2,980-2,990 |
513-515 |
↓70 |
Iskenderun Region (30-100 mm) |
2,850-2,860 |
491-492 |
↓165 |
Izmir Region (30-100 mm) |
3,070-3,080 |
528-530 |
↓125 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Denizli Region (30-100 mm) |
3,070-3,080 |
528-530 |
↓135 |
Karabuk Region (30-100 mm) |
2,950-2,960 |
508-510 |
↓70 |
Iskenderun Region (30-100 mm) |
2,820-2,830 |
485-487 |
↓165 |
Izmir Region (30-50 mm) |
3,040-3,050 |
523-525 |
↓125 |
The above prices exclude 18 percent VAT and are on ex-works basis.
$1 = TRY 5.81