In the past two weeks, local Turkish merchant bar prices have increased by TRY 400-500/mt in the local currency, while they have risen by $56-68/mt on US dollar basis, due to the rapid increase in import scrap and billet prices to which currency fluctuations have contributed.
A few re-rollers are today offering HEA/HEB (100-200 mm, standard) around at $725-730/mt ex-works, except for Kardemir, SteelOrbis has learned.
Merchant bar re-rollers are mainly offering for late March and early April deliveries, with limited stock availability from a few re-rollers. “Extended delivery terms are a major restriction for local buyers due to the unclear financial situation. However, Turkish merchant bar re-rollers have mainly completed their export bookings for March shipment, and this also supports stronger local prices” one source is mentioned.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
5,190-5,240 |
665-672 |
+400 |
+56 |
|
Karabuk Region (30-100mm) |
5,000-5,050 |
641-647 |
+485 |
+67 |
|
Iskenderun Region (30-100 mm) |
4,950-5,000 |
635-641 |
+500 |
+68 |
|
Izmir Region (30-100 mm) |
5,150-5,200 |
660-667 |
+400 |
+56 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
5,220-5,270 |
669-676 |
+400 |
+56 |
|
Karabuk Region (30-100mm) |
5,030-5,080 |
645-651 |
+485 |
+67 |
|
Iskenderun Region (30-100 mm) |
4,980-5,030 |
638-645 |
+500 |
+69 |
|
Izmir Region (30-100 mm) |
5,180-5,230 |
664-671 |
+400 |
+56 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
5,190-5,240 |
665-672 |
+400 |
+56 |
|
Karabuk Region (30-100 mm) |
5,000-5,050 |
641-647 |
+485 |
+67 |
|
Iskenderun Region (30-100 mm) |
4,950-5,000 |
635-641 |
+500 |
+68 |
|
Izmir Region (30-50 mm) |
5,150-5,200 |
660-667 |
+400 |
+56 |
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 1.
$1 = TRY 7.80