In the last two weeks, Turkish merchant bar prices have risen by TRY 1,175-1,380/mt over the past two weeks amid rapid currency fluctuations and higher import scrap and billet prices. “Trading activity is slow in the local market due to the rapid price hikes, with lower purchasing power at the buyers’ end. As a result, most merchant buyers are delaying new purchases,” one source commented.
Most Turkish merchant bar re-rollers are offering material for December delivery or limited tonnages available from stocks. An Izmir-based mill has increased its price by $70/mt for HEA/HEB (100-200 mm, standard) to $940/mt ex-works over the same period.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
7,560-7,660 |
812-823 |
+1,185 |
+92 |
|
Karabuk Region (30-100mm) |
7,400-7,600 |
795-816 |
+1,325 |
+109 |
|
Iskenderun Region (30-100 mm) |
7,450 |
800 |
+1,380 |
+115 |
|
Izmir Region (30-100 mm) |
7,500-7,600 |
806-816 |
+1,175 |
+91 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
7,590-7,690 |
815-826 |
+1,185 |
+92 |
|
Karabuk Region (30-100mm) |
7,430-7,630 |
798-820 |
+1,325 |
+108 |
|
Iskenderun Region (30-100 mm) |
7,480 |
803 |
+1,380 |
+115 |
|
Izmir Region (30-100 mm) |
7,530-7,630 |
809-820 |
+1,175 |
+91 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
7,560-7,660 |
812-823 |
+1,185 |
+92 |
|
Karabuk Region (30-100 mm) |
7,400-7,600 |
795-816 |
+1,325 |
+109 |
|
Iskenderun Region (30-100 mm) |
7,450 |
800 |
+1,380 |
+115 |
|
Izmir Region (30-50 mm) |
7,500-7,600 |
806-816 |
+1,175 |
+91 |
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, October 5.
$1 = TRY 9.31