Turkish merchant bar producers have revised their domestic prices upwards in order to offset the currency fluctuations seen over the past two weeks. Merchant bar prices in Turkey have increased by TRY 50-80/mt on Turkish lira basis, with just minor changes in prices on US dollar basis. Sources report that special discounts are applicable for serious buyers. In addition, most buyers are exerting pressure due to the negative sentiment in the billet and scrap segments.
“Most buyers have completed credit payments for the third quarter. I believe it will be a better month in terms of local market sales,” one source mentioned. Most Turkish merchant bar producers are offering material either from their stocks or for November deliveries. As regards ex-stock material, limited availability of sizes is an issue for some products.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
4,040-4,090 |
521-527 |
+50 |
-2 |
|
Karabuk Region (30-100mm) |
3,930-3,980 |
506-513 |
+80 |
+3 |
|
Iskenderun Region (30-100 mm) |
3,920-3,950 |
505-509 |
+60 |
0 |
|
Izmir Region (30-100 mm) |
4,000-4,050 |
515-522 |
+50 |
-2 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
4,070-4,120 |
524-531 |
+50 |
-2 |
|
Karabuk Region (30-100mm) |
3,960-4,010 |
510-517 |
+80 |
+3 |
|
Iskenderun Region (30-100 mm) |
3,950-3,980 |
509-513 |
+60 |
0 |
|
Izmir Region (30-100 mm) |
4,030-4,080 |
519-526 |
+50 |
-1 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
4,040-4,090 |
521-527 |
+50 |
-2 |
|
Karabuk Region (30-100 mm) |
3,930-3,980 |
506-513 |
+80 |
+3 |
|
Iskenderun Region (30-100 mm) |
3,920-3,950 |
505-509 |
+60 |
0 |
|
Izmir Region (30-50 mm) |
4,000-4,050 |
515-522 |
+50 |
-2 |
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, September 22.
$1 = TRY 7.76