In the past two weeks, Turkish local merchant bar prices have risen by TRY 717,5-1,290 ($17-48/mt) amid rapid currency fluctuations and rising import scrap prices over the same period.
“Local merchant bar demand is sluggish amid the rapid currency fluctuations, though the merchant bar export segment is relatively better. As a result, we are able to balance our merchant bar sales,” one source mentioned.
Most merchant bar buyers are offering for August delivery and only limited tonnages are available from stocks. Sources report that official HEA/HEB (100-200 mm, standard) prices have remained stable at $1,050-1,080/mt ex-works over the past two weeks.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
13,800-14,250 |
785-811 |
+1,290 |
+48 |
Karabuk Region (30-100mm) |
12,650-13,005 |
720-740 |
+895 |
+27 |
Iskenderun Region (30-100 mm) |
12,475-12,650 |
710-720 |
+717.5 |
+17 |
Izmir Region (30-100 mm) |
13,620-14,070 |
775-800 |
+1,280 |
+48 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
13,830-14,280 |
787-812 |
+1,290 |
+48 |
Karabuk Region (30-100mm) |
12,680-13,035 |
721-741 |
+895 |
+27 |
Iskenderun Region (30-100 mm) |
12,505-12,680 |
711-721 |
+717.5 |
+17 |
Izmir Region (30-100 mm) |
13,650-14,100 |
776-802 |
+1,280 |
+47 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
13,800-14,250 |
785-811 |
+1,290 |
+48 |
Karabuk Region (30-100 mm) |
12,650-13,005 |
720-740 |
+895 |
+27 |
Iskenderun Region (30-100 mm) |
12,475-12,650 |
710-720 |
+717.5 |
+17 |
Izmir Region (30-50 mm) |
13,620-14,070 |
775-800 |
+1,280 |
+48 |
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, July 5.
$1 = TRY 17.58