Over the past week, Turkish official domestic merchant bar prices have risen by TRY 200-550/mt ($2-15/mt) against the backdrop of the ongoing currency fluctuations and costlier import scrap and billet. In addition, one Iskenderun-based mill has issued its official merchant bar price at TRY 17,250/mt ($605/mt) ex-works today.
Most merchant bar sellers are offering either for November delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 23,900/mt ($838/mt) ex-works for delivery in the Karabuk region, rising by TRY 200/mt in order to offset the currency fluctuations, while it has kept its US dollar-based price stable. "Demand is sluggish, so we are taking our time before a further price increase" one source commented. Most local buyers are under pressure from limited credit availability.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,200-18,400 |
638-645 |
+200 |
+2 |
Karabuk Region (30-100mm) |
17,800-18,100 |
624-635 |
+450 |
+11 |
Iskenderun Region (30-100 mm) |
17,250-17,530 |
605-615 |
+550 |
+15 |
Izmir Region (30-100 mm) |
17,900-18,100 |
628-635 |
+200 |
+2 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,240-18,440 |
640-647 |
+200 |
+2 |
Karabuk Region (30-100mm) |
17,840-18,140 |
626-636 |
+450 |
+11 |
Iskenderun Region (30-100 mm) |
17,290-17,570 |
606-616 |
+550 |
+14 |
Izmir Region (30-100 mm) |
17,940-18,140 |
629-636 |
+200 |
+2 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,200-18,400 |
638-645 |
+200 |
+2 |
Karabuk Region (30-100 mm) |
17,800-18,100 |
624-635 |
+450 |
+11 |
Iskenderun Region (30-100 mm) |
17,250-17,530 |
605-615 |
+550 |
+15 |
Izmir Region (30-50 mm) |
17,900-18,100 |
628-635 |
+200 |
+2 |
The above prices exclude 20 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Tuesday, October 31.
$1 = TRY 28.52
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