Over the past week, local Turkish official merchant bar prices have decreased by TRY 550-600/mt ($21-22/mt) in the Izmir and Denizli regions. In addition, the merchant bar prices in the Karabuk and Iskenderun regions have risen by TRY 150-160/mt ($6/mt) over the same period. One Iskenderun-based mill has issued its official merchant bar price at TRY 16,800/mt ($624/mt) ex-works, versus 16,700/mt ($620/mt) ex-works a week ago.
Most merchant bar sellers are offering for August delivery and only limited tonnages are available from stocks.
Most local buyers are still exerting pressure for additional discounts and a few merchant bar re-rollers are applying aggressive pricing to generate sales, SteelOrbis has heard.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,050-18,250 |
670-678 |
-550 |
-21 |
Karabuk Region (30-100mm) |
17,300-17,500 |
642-650 |
+150 |
+6 |
Iskenderun Region (30-100 mm) |
16,800-17,070 |
624-634 |
+160 |
+6 |
Izmir Region (30-100 mm) |
17,800-17,900 |
661-665 |
-600 |
-22 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,090-18,290 |
672-679 |
-550 |
-21 |
Karabuk Region (30-100mm) |
17,340-17,540 |
644-651 |
+150 |
+6 |
Iskenderun Region (30-100 mm) |
16,840-17,110 |
625-635 |
+160 |
+6 |
Izmir Region (30-100 mm) |
17,840-17,940 |
662-666 |
-600 |
-22 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,050-18,250 |
670-678 |
-550 |
-21 |
Karabuk Region (30-100 mm) |
17,300-17,500 |
642-650 |
+150 |
+6 |
Iskenderun Region (30-100 mm) |
16,800-17,070 |
624-634 |
+160 |
+6 |
Izmir Region (30-50 mm) |
17,800-17,900 |
661-665 |
-600 |
-22 |
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 Wednesday, July 19.
$1 = TRY 26.93
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