Over the past week, Turkish official domestic merchant bar prices have mostly fallen by TRY 85-250/mt ($10-17/mt), while remaining unchanged in the local currency in the Iskenderun region with a decrease of $7/mt on US dollar basis, amid the ongoing currency fluctuations and sluggish demand. One Iskenderun-based mill has kept its official merchant bar price at TRY 16,600/mt ($615/mt) ex-works, SteelOrbis has heard.
Most merchant bar sellers are offering for September-October delivery and only limited tonnages are available from stocks. The general sentiment is negative on the demand side and additional discounts are applicable for serious buyers. A few re-rollers are also offering their HEA/HEB (100-200 mm, standard) at $740/mt ex-works.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,500-17,700 |
648-656 |
-250 |
-17 |
Karabuk Region (30-100mm) |
16,870-17,140 |
625-635 |
-85 |
-10 |
Iskenderun Region (30-100 mm) |
16,600-16,870 |
615-625 |
0 |
-7 |
Izmir Region (30-100 mm) |
17,200-17,400 |
637-644 |
-250 |
-17 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,540-17,740 |
650-657 |
-250 |
-17 |
Karabuk Region (30-100mm) |
16,910-17,180 |
626-636 |
-85 |
-10 |
Iskenderun Region (30-100 mm) |
16,640-16,910 |
616-626 |
0 |
-7 |
Izmir Region (30-100 mm) |
17,240-17,440 |
639-646 |
-250 |
-17 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,500-17,700 |
648-656 |
-250 |
-17 |
Karabuk Region (30-100 mm) |
16,870-17,140 |
625-635 |
-85 |
-10 |
Iskenderun Region (30-100 mm) |
16,600-16,870 |
615-625 |
0 |
-7 |
Izmir Region (30-50 mm) |
17,200-17,400 |
637-644 |
-250 |
-17 |
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, August 29.
$1 = TRY 27.00
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