Over the past week, Turkish domestic official merchant bar prices have mainly risen by TRY 200-300/mt ($6-10/mt) except Iskenderun region, which remaining unchanged in the local currency. One Iskenderun-based mill has kept its official merchant bar price at TRY 16,600/mt ($614/mt) ex-works. Sources report a few merchant bar re-rollers are applying aggressive pricing policy and giving sizeable discounts for serious buyers only.
Most merchant bar sellers are offering for late September-October delivery and only limited tonnages are available from stocks. Most local buyers are taking their time for new purchases ahead of Turkish Central Bank's interest rate decision and the high interest rates for bank loans, which have squeezed the cash flow in the market.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,800-18,000 |
658-666 |
+300 |
+10 |
Karabuk Region (30-100mm) |
17,250-17,350 |
638-642 |
+200 |
+6 |
Iskenderun Region (30-100 mm) |
16,600-16,870 |
614-624 |
0 |
-1 |
Izmir Region (30-100 mm) |
17,500-17,700 |
647-655 |
+300 |
+10 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,840-18,040 |
660-667 |
+300 |
+10 |
Karabuk Region (30-100mm) |
17,290-17,390 |
639-643 |
+200 |
+6 |
Iskenderun Region (30-100 mm) |
16,640-16,910 |
615-625 |
0 |
-1 |
Izmir Region (30-100 mm) |
17,540-17,740 |
649-656 |
+300 |
+10 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,800-18,000 |
658-666 |
+300 |
+10 |
Karabuk Region (30-100 mm) |
17,250-17,350 |
638-642 |
+200 |
+6 |
Iskenderun Region (30-100 mm) |
16,600-16,870 |
614-624 |
0 |
-1 |
Izmir Region (30-50 mm) |
17,500-17,700 |
647-655 |
+300 |
+10 |
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, September 12.
$1 = TRY 27.04
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