Over the past week, Turkish official domestic merchant bar prices have fallen by TRY 100-150/mt ($8-10/mt) amid the ongoing currency fluctuations, sluggish demand and the negative sentiment in the import scrap prices.
One Iskenderun-based mill issued its official merchant bar price at TRY 16,900/mt ($605/mt) ex-works yesterday, falling by $8/mt from a week ago.
Most merchant bar sellers are offering for November delivery, while a limited tonnage is also available either for late October delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 23,800/mt ($852/mt), ex-works for delivery in the Karabuk region, falling by TRY 200/mt ($13/mt), SteelOrbis has heard.
The general sentiment on the demand side is negative. According to sources, additional sizeable discounts are applicable for serious buyers.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,100-18,300 |
648-655 |
-150 |
-10 |
Karabuk Region (30-100mm) |
17,700-17,900 |
634-641 |
-100 |
-8 |
Iskenderun Region (30-100 mm) |
16,900-17,170 |
605-615 |
-100 |
-8 |
Izmir Region (30-100 mm) |
17,800-18,000 |
638-645 |
-150 |
-10 |
Flat Bar Prices:
| Region | Prices (TRY/mt) | Prices ($/mt) | Price change (TRY/mt) | Price change ($/mt) |
| Denizli Region (30-100 mm) | 18,140-18,340 | 650-657 | -150 | -10 |
| Karabuk Region (30-100mm) | 17,740-17,940 | 635-643 | -100 | -8 |
| Iskenderun Region (30-100 mm) | 16,940-17,210 | 607-616 | -100 | -7 |
| Izmir Region (30-100 mm) | 17,840-18,040 | 639-646 | -150 | -10 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,100-18,300 |
648-655 |
-150 |
-10 |
Karabuk Region (30-100mm) |
17,700-17,900 |
634-641 |
-100 |
-8 |
Iskenderun Region (30-100 mm) |
16,900-17,170 |
605-615 |
-100 |
-8 |
Izmir Region (30-100 mm) |
17,800-18,000 |
638-645 |
-150 |
-10 |
The above prices exclude 20 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Tuesday, October 10.
$1 = TRY 27.92
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