Local Turkish merchant bar list prices have increased by TRY 650-1000/mt ($78-120/mt) over the past two weeks. The main reasons are the currency fluctuations and the positive sentiment in the import scrap and billet segments. However, most buyers are refraining from new purchases given such a sharp rise in prices and are trying to adjust in line with their financial conditions.
In the Iskenderun region, merchant bar quotations are still offered in US dollars to avoid currency risks. Most merchant bar re-rollers are offering for August-early September delivery, while limited tonnage is also available from stocks. One Izmir-based mill is currently offering HEA/HEB (100-200 mm, standard) at around $900-910/mt ex-works.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
6,800-6,850 |
816-822 |
+700 |
+84 |
|
Karabuk Region (30-100mm) |
6,700-6,750 |
726-732 |
+650 |
+78 |
|
Iskenderun Region (30-100 mm) |
6,665-6,665 |
800-800 |
+1000 |
+120 |
|
Izmir Region (30-100 mm) |
6,750-6,800 |
810-816 |
+700 |
+84 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
6,830-6,880 |
820-826 |
+700 |
+84 |
|
Karabuk Region (30-100mm) |
6,730-6,780 |
808-814 |
+650 |
+78 |
|
Iskenderun Region (30-100 mm) |
6,695-6,695 |
804-804 |
+1000 |
+120 |
|
Izmir Region (30-100 mm) |
6,780-6,830 |
814-820 |
+700 |
+84 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
6,800-6,850 |
816-822 |
+700 |
+84 |
|
Karabuk Region (30-100 mm) |
6,700-6,750 |
726-732 |
+650 |
+78 |
|
Iskenderun Region (30-100 mm) |
6,665-6,665 |
800-800 |
+1000 |
+120 |
|
Izmir Region (30-50 mm) |
6,750-6,800 |
810-816 |
+700 |
+84 |
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, May 4.
$1 = TRY 8.33