Local Turkish merchant bar prices soften

Wednesday, 03 June 2020 15:10:05 (GMT+3)   |   Istanbul
       

Local Turkish merchant bar prices have dropped by TRY 30-75/mt over the past two weeks. Although scrap prices are firm, buyers are cautious as regards new purchases and trading activity is slow. Accordingly, special discounts are applicable for serious buyers. Sources report that some Izmir-based merchant producers are concentrating on local sales instead of on exports due to the new EU import regulations.

Equal Angle Prices:  

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

3,160-3,220

468-477

-75

-8

Karabuk Region (30-100mm)

3,010-3,020

446-447

-75

-8

Iskenderun Region (30-100 mm)

3,000-3,050

444-452

-30

-1

Izmir Region (30-100 mm)

3,120-3,180

462-471

-75

-8

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

3,190-3,250

473-481

-75

-8

Karabuk Region (30-100mm)

3,040-3,050

450-452

-75

-8

Iskenderun Region (30-100 mm)

3,030-3,080

449-456

-30

-1

Izmir Region (30-100 mm)

3,150-3,210

467-476

-75

-8

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

3,160-3,220

468-477

-75

-8

Karabuk Region (30-100 mm)

3,010-3,020

446-447

-75

-8

Iskenderun Region (30-100 mm)

3,000-3,050

444-452

-30

-1

Izmir Region (30-50 mm)

3,120-3,180

462-471

-75

-8

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, May 20. 

$1 = TRY 6.75


Similar articles

Local Turkish merchant bar prices mostly stable in local currency

26 Mar | Longs and Billet

US merchant bar imports up 33.8 percent in January

22 Mar | Steel News

Iskenderun-based Turkish mill revises merchant bar prices

22 Mar | Longs and Billet

Ex-Turkey official merchant bar prices stable

22 Mar | Longs and Billet

Turkish domestic dollar-based merchant bar prices soften

19 Mar | Longs and Billet

China’s steel bar exports total 1.63 million mt in Jan-Feb, down 6.6%

19 Mar | Steel News

Turkish official merchant bar export prices soften

15 Mar | Longs and Billet

Local Turkish merchant bar prices revised to offset currency fluctuations

13 Mar | Longs and Billet

Turkey exhausts its merchant bar import quota for UK

13 Mar | Steel News

Turkey’s Kardemir issues its merchant bar prices

12 Mar | Longs and Billet