Local Turkish merchant bar prices have mostly fallen by TRY 20-70/mt ($2-5/mt) in order to offset currency fluctuations, while merchant bar prices in the Iskenderun region have decreased by TRY 250/mt ($15/mt) in the past week. The main reasons are sluggish demand and the lack of financial clarity in the country.
Most merchant bar sellers are offering for September-early October delivery and only limited tonnages are available from stocks. Sources report that official HEA/HEB (100-200 mm, standard) prices are available at $970-1,000/mt ex-works, down by $30/mt over the past week. “Local Turkish merchant bar prices have moved down amid sluggish demand, though supply is also limited. As a result, if demand recovers in the short term, then the rise in local merchant prices hike may be higher than expected” a source mentioned.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
12,730-13,180 |
700-725 |
-37,5 |
-3 |
|
Karabuk Region (30-100mm) |
12,370-12,560 |
680-690 |
-70 |
-5 |
|
Iskenderun Region (30-100 mm) |
11,830-11,920 |
650-655 |
-250 |
-15 |
|
Izmir Region (30-100 mm) |
12,560-13,000 |
695-715 |
-20 |
-2 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
12,760-13,210 |
701-726 |
-37,5 |
-3 |
|
Karabuk Region (30-100mm) |
12,400-12,590 |
682-692 |
-70 |
-5 |
|
Iskenderun Region (30-100 mm) |
11,860-11,950 |
652-657 |
-250 |
-15 |
|
Izmir Region (30-100 mm) |
12,590-13,030 |
692-716 |
-20 |
-2 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
12,730-13,180 |
700-725 |
-37,5 |
-3 |
|
Karabuk Region (30-100 mm) |
12,370-12,560 |
680-690 |
-70 |
-5 |
|
Iskenderun Region (30-100 mm) |
11,830-11,920 |
650-655 |
-250 |
-15 |
|
Izmir Region (30-50 mm) |
12,560-13,000 |
695-715 |
-20 |
-2 |
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 Wednesday, August 24.
$1 = TRY 18.19