Local Turkish merchant bar prices trend up

Wednesday, 07 December 2022 16:37:02 (GMT+3)   |   Istanbul
       

Local Turkish merchant bar prices have risen by TRY 90-192,5/mt ($5-10/mt) compared to Friday, December 2, against the backdrop of higher import scrap and billet prices.   

Most merchant bar sellers are offering for late December-early January delivery and only limited tonnages are available from stocks. A few re-rollers have settled their official HEA/HEB (100-200 mm, standard) offers at $880-900/mt ex-works, rising by $10/mt on the lower end. “Buyers mostly restocked materials last week. Currently, demand is relatively silent,” one source mentioned.

Equal Angle Prices:   

Region    

Prices (TRY/mt)    

Prices ($/mt)    

Price change (TRY/mt)    

Price change ($/mt)    

Denizli Region (30-100 mm)    

13,600-13,800   

730-740   

+192.5  

+10 

Karabuk Region (30-100mm)    

13,320-13,520   

715-725    

+90   

+5  

Iskenderun Region (30-100 mm)    

12,870  

690    

+100   

+5   

Izmir Region (30-100 mm)    

13,420-13,600   

720-730   

+180  

+10   

Flat Bar Prices:   

Region    

Prices (TRY/mt)    

Prices ($/mt)    

Price change (TRY/mt)    

Price change ($/mt)    

Denizli Region (30-100 mm)    

13,630-13,830    

731-742   

+192.5  

+11    

Karabuk Region (30-100mm)    

13,350-13,550    

716-727 

+90        

+5    

Iskenderun Region (30-100 mm)    

12,900  

692 

+100    

+5    

Izmir Region (30-100 mm)    

13,450-13,630    

722-731 

+180    

+10    

NPI-NPU Prices:   

Region    

Prices (TRY/mt)    

Prices ($/mt)    

Price change (TRY/mt)    

Price change ($/mt)    

Denizli Region (30-100 mm)    

13,600-13,800   

730-740 

+192.5    

+10  

Karabuk Region (30-100 mm)    

13,320-13,520   

715-725  

+90      

+5    

Iskenderun Region (30-100 mm)    

12,870     

690    

+100   

+5      

Izmir Region (30-50 mm)    

13,420-13,600    

720-730    

+180   

+10  

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 Friday, December 2.   

$1 = TRY 18.64


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