Turkish merchant bar producers have kept their prices stable in the Izmir and Denizli regions in the local currency over the past week, though their prices have fallen by $5/mt on US dollar basis against the backdrop of the ongoing currency fluctuations. In addition, merchant bar prices in the Karabuk and Iskenderun regions have fallen by TRY 100-950/mt ($7-20/mt) over the past week. One Iskenderun-based mill has issued its equal angle price at TRY 24,900/mt ($605/mt) ex-works today.
Most merchant bar sellers are offering either for deliveries in late September-October or from stocks, depending on the size.
Most buyers are refraining from new purchases due to the ongoing depreciation of the Turkish lira against the US dollar.
Angle prices:
| Region | Prices (TRY/mt) | Prices ($/mt) | Price change (TRY/mt) | Price change ($/mt) |
| Denizli Region (30-100 mm) | 26,100-26,200 | 634-637 | 0 | -5 |
| Karabuk Region (30-100mm) | 25,200-25,500 | 612-620 | -100 | -7 |
| Iskenderun Region (30-100 mm) | 24,900 | 605 | -950 | -20 |
| Izmir Region (30-100 mm) | 25,600-25,700 | 622-625 | 0 | -5 |
Flat Bar Prices:
| Region | Prices (TRY/mt) | Prices ($/mt) | Price change (TRY/mt) | Price change ($/mt) |
| Denizli Region (30-100 mm) | 26,140-26,240 | 635-638 | 0 | -5 |
| Karabuk Region (30-100mm) | 25,240-25,540 | 613-621 | -100 | -7 |
| Iskenderun Region (30-100 mm) | 24,940 | 606 | -950 | -20 |
| Izmir Region (30-100 mm) | 25,640-25,740 | 623-626 | 0 | -5 |
NPI-NPU Prices:
| Region | Prices (TRY/mt) | Prices ($/mt) | Price change (TRY/mt) | Price change ($/mt) |
| Denizli Region (30-100 mm) | 26,100-26,200 | 634-637 | 0 | -5 |
| Karabuk Region (30-100 mm) | 25,200-25,500 | 612-620 | -100 | -7 |
| Iskenderun Region (30-100 mm) | 24,900 | 605 | -950 | -20 |
| Izmir Region (30-50 mm) | 25,600-25,700 | 622-625 | 0 | -5 |
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 26.
$1 = TRY 41.15
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