Over the past week, local Turkish official dollar-based merchant bar prices have mostly fallen by $15-30/mt amid the negative sentiment in the import scrap and billet segments and also amid currency fluctuations. One İskenderun-based mill cut its official merchant bar price by $20/mt to $770/mt ex-works over the same period.
Most merchant bar sellers are offering for April delivery and only limited tonnages are available from stocks. A few re-rollers are also offering their HEA/HEB (100-200 mm, standard) at $920-940/mt ex-works, falling by $20/mt, SteelOrbis has heard. The general sentiment in demand is negative due to Ramadan and most local buyers are taking their time and will continue to monitor import scrap and billet prices until they believe local prices have hit the bottom.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
14,810-15,010 |
775-785 |
-480 |
-30 |
|
Karabuk Region (30-100mm) |
14,720-14,900 |
770-780 |
-200 |
-15 |
|
Iskenderun Region (30-100 mm) |
14,720-14,900 |
770-780 |
-295 |
-20 |
|
Izmir Region (30-100 mm) |
14,610-14,810 |
765-775 |
-490 |
-30 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
14,850-15,050 |
777-788 |
-480 |
-30 |
|
Karabuk Region (30-100mm) |
14,760-14,940 |
772-782 |
-200 |
-15 |
|
Iskenderun Region (30-100 mm) |
14,760-14,940 |
772-782 |
-295 |
-20 |
|
Izmir Region (30-100 mm) |
14,650-14,850 |
767-777 |
-490 |
-30 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
14,810-15,010 |
775-785 |
-480 |
-30 |
|
Karabuk Region (30-100 mm) |
14,720-14,900 |
770-780 |
-200 |
-15 |
|
Iskenderun Region (30-100 mm) |
14,720-14,900 |
770-780 |
-295 |
-20 |
|
Izmir Region (30-50 mm) |
14,610-14,810 |
765-775 |
-490 |
-30 |
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, March 21.
$1 = TRY 19.11