Turkish domestic merchant bar prices have decreased by TRY 235-300/mt ($20-27/mt) in the past two weeks amid the negative sentiment both in the import billet and scrap segments, against the backdrop of currency fluctuations. Most merchant bar buyers are monitoring the import scrap segment closely and are trying to observe whether the local merchant bar prices have hit bottom or not.
Most Turkish merchant bar rerollers are offering material for late October-start of November delivery or limited tonnages available from stocks. An Izmir-based mill is currently offering its HEA/HEB (100-200 mm, standard) at $890/mt ex-works.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
6,000-6,050 |
720-726 |
-300 |
-27 |
Karabuk Region (30-100mm) |
5,850-5,900 |
702-708 |
-250 |
-22 |
Iskenderun Region (30-100 mm) |
5,750 |
690 |
-235 |
-20 |
Izmir Region (30-100 mm) |
5,950-6,000 |
714-720 |
-300 |
-27 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
6,030-6,080 |
724-730 |
-300 |
-27 |
Karabuk Region (30-100mm) |
5,880-5,930 |
706-712 |
-250 |
-21 |
Iskenderun Region (30-100 mm) |
5,780 |
694 |
-235 |
-20 |
Izmir Region (30-100 mm) |
5,980-6,030 |
718-724 |
-300 |
-27 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
6,000-6,050 |
720-726 |
-300 |
-27 |
Karabuk Region (30-100 mm) |
5,850-5,900 |
702-708 |
-250 |
-22 |
Iskenderun Region (30-100 mm) |
5,750 |
690 |
-235 |
-20 |
Izmir Region (30-50 mm) |
5,950-6,000 |
714-720 |
-300 |
-27 |
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 Tuesday, August 24.
$1 = TRY 8.33
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