Local Turkish merchant bar prices have increased by TRY 100-130/mt over the past two weeks, supported by stronger scrap and billet prices and improving long steel demand.Offers in the Iskenderun region have increased by larger margins compared to other parts of the country due to livelier demand. “I believe merchant bar buyers do not have high inventory levels in Iskenderun due to the lack of supply, and most probably traders have already sold out some lots,” one source mentioned. In all other regions, demand for merchant bars in Turkey is relatively moderate. Purchases are being made on a daily basis. “Buyers might become more active by July,” another source said.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
3,270-3,310 |
478-484 |
+100 |
+1 |
|
Karabuk Region (30-100mm) |
3,130-3,160 |
458-462 |
+130 |
+5 |
|
Iskenderun Region (30-100 mm) |
3,140-3,150 |
459-461 |
+120 |
+11 |
|
Izmir Region (30-100 mm) |
3,230-3,270 |
472-478 |
+100 |
+1 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
3,300-3,340 |
482-488 |
+100 |
+1 |
|
Karabuk Region (30-100mm) |
3,160-3,190 |
462-466 |
+130 |
+5 |
|
Iskenderun Region (30-100 mm) |
3,170-3,180 |
463-465 |
+120 |
+11 |
|
Izmir Region (30-100 mm) |
3,260-3,300 |
477-482 |
+100 |
+1 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
3,270-3,310 |
478-484 |
+100 |
+1 |
|
Karabuk Region (30-100 mm) |
3,130-3,160 |
458-462 |
+130 |
+5 |
|
Iskenderun Region (30-100 mm) |
3,140-3,150 |
459-461 |
+120 |
+11 |
|
Izmir Region (30-50 mm) |
3,230-3,270 |
472-478 |
+100 |
+1 |
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 Wednesday, June 3.
$1 = TRY 6.84