Turkish merchant bar producers have decreased their price quotations due to weak scrap import prices and sluggish demand. SteelOrbis has been informed that Turkish merchant bar producers have reduced their angle prices by an average of TRY 50/mt as compared to Thursday, September 5, to TRY 2,640-2,750/mt ex-works, excluding 18 percent VAT. Market sources indicate that buyers are exerting pressure for further price decreases.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Denizli Region (30-100 mm) |
2,740-2,750 |
479-481 |
-90 |
Karabuk Region (30-100mm) |
2,650-2,720 |
463-475 |
-30 |
Iskenderun Region (30-100 mm) |
2,640-2,650 |
462-463 |
0 |
Izmir Region (30-100 mm) |
2,700-2,710 |
472-474 |
-90 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Denizli Region (30-100 mm) |
2,770-2,780 |
484-486 |
-90 |
Karabuk Region (30-100mm) |
2,680-2,750 |
469-481 |
-30 |
Iskenderun Region (30-100 mm) |
2,670-2,680 |
467-469 |
0 |
Izmir Region (30-100 mm) |
2,730-2,740 |
477-479 |
-90 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Denizli Region (30-100 mm) |
2,740-2,750 |
479-481 |
-90 |
Karabuk Region (30-100 mm) |
2,650-2,720 |
463-475 |
-30 |
Iskenderun Region (30-100 mm) |
2,640-2,650 |
462-463 |
0 |
Izmir Region (30-50 mm) |
2,700-2,710 |
472-474 |
-90 |
The above prices exclude 18 percent VAT and are on ex-works basis. Price changes in the tables above are calculated as compared to Thursday, September 5.
$1 = 5.72 TRY