Local Turkish merchant bar prices move up

Monday, 14 October 2019 17:04:57 (GMT+3)   |   Istanbul
       

Turkish local merchant bar prices have moved up by TRY 40-100/mt week on week due to depreciation of the Turkish lira against the US dollar. However, prices have decreased by $7/mt on the lower end and increased by $2/mt on the upper end due to the fluctuations recorded in the exchange rate. Market sources state that demand in the local Turkish merchant bar market has increased slightly. On the other hand, it is too early to say whether local buyers are increasing their stock levels.

Meanwhile, domestic angle prices in Turkey currently at TRY 2,540-2,790/mt ex-works, excluding 18 percent VAT. Market sources state that merchant bar producers offer discounts of TRY 20-40/mt for serious buyers in few regions. Below prices are given for cash payment.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,780-2,790

470-471

+100

Karabuk Region (30-100mm)

2,660-2,700

449-456

+70

Iskenderun Region (30-100 mm)

2,540-2,550

429-431

+40

Izmir Region (30-100 mm)

2,740-2,750

463-464

+100

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,810-2,820

475-476

+100

Karabuk Region (30-100mm)

2,690-2,730

454-461

+70

Iskenderun Region (30-100 mm)

2,570-2,580

434-436

+40

Izmir Region (30-100 mm)

2,770-2,780

468-470

+100

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,780-2,790

470-471

+100

Karabuk Region (30-100 mm)

2,660-2,700

449-456

+70

Iskenderun Region (30-100 mm)

2,540-2,550

429-431

+40

Izmir Region (30-50 mm)

2,740-2,750

463-464

+100

 

The above prices exclude 18 percent VAT and are on ex-works basis. Price changes in the tables above are calculated as compared to Monday, October 7.

$1 = 5.92 TRY

 


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