Local Turkish merchant bar prices have moved up by TRY 80-100/mt over the past week, supported by higher import scrap prices. Although some trading activity has been heard in Turkey’s Iskenderun region, buyers in the Izmir and Denizli regions are mostly adopting a wait-and-see stance, trying to evaluate whether the most recent increase in prices will be sustainable. SteelOrbis has been informed that demand in Turkey’s Karabuk region has been sluggish. In addition, Turkish producer Kardemir has closed its merchant bar sales as of today, December 9. Meanwhile, domestic angle prices in Turkey are currently at TRY 2,780-2,990/mt ex-works, excluding 18 percent VAT.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
|
Denizli Region (30-100 mm) |
2,980-2,990 |
514-516 |
+100 |
|
Karabuk Region (30-100mm) |
2,830-2,900 |
488-500 |
+85 |
|
Iskenderun Region (30-100 mm) |
2,780-2,790 |
479-481 |
+80 |
|
Izmir Region (30-100 mm) |
2,940-2,950 |
507-509 |
+100 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
|
Denizli Region (30-100 mm) |
3,010-3,020 |
519-521 |
+100 |
|
Karabuk Region (30-100mm) |
2,860-2,930 |
493-505 |
+85 |
|
Iskenderun Region (30-100 mm) |
2,810-2,820 |
484-486 |
+80 |
|
Izmir Region (30-100 mm) |
2,970-2,980 |
512-514 |
+100 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
|
Denizli Region (30-100 mm) |
2,980-2,990 |
514-516 |
+100 |
|
Karabuk Region (30-100 mm) |
2,830-2,900 |
488-500 |
+85 |
|
Iskenderun Region (30-100 mm) |
2,780-2,790 |
479-481 |
+80 |
|
Izmir Region (30-50 mm) |
2,940-2,950 |
507-509 |
+100 |
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, December 3.
$1 = TRY 5.80