Local Turkish official merchant bar prices move upwards

Tuesday, 31 January 2023 17:06:28 (GMT+3)   |   Istanbul
       

Over the past week, Turkish domestic official merchant bar prices have risen by TRY 230-570/mt ($13-30/mt) amid currency fluctuations and costlier import scrap. One Iskenderun-based mill has raised its merchant bar list prices by $30/mt to $755/mt ex-works over the same period. 

Most merchant bar sellers are offering for February delivery and only limited tonnages are available from stocks. A few re-rollers are officially offering HEA/HEB (100-200 mm, standard) at $950/mt ex-works for now. 

Most merchant bar buyers are monitoring import scrap and billet prices trend and purchasing only in line with their daily needs. 

Equal Angle Prices:  

Region       

Prices (TRY/mt)       

Prices ($/mt)       

Price change (TRY/mt)       

Price change ($/mt)       

Denizli Region (30-100 mm)       

14,680-14,860      

780-790      

+330   

+18   

Karabuk Region (30-100mm)       

14,300-14,390      

760-765       

+230     

+13   

Iskenderun Region (30-100 mm)       

14,200-14,390  

755-765       

+570      

+30  

Izmir Region (30-100 mm)       

14,490-14,670    

770-780      

+330   

+18     

Flat Bar Prices:  

Region       

Prices (TRY/mt)       

Prices ($/mt)       

Price change (TRY/mt)       

Price change ($/mt)       

Denizli Region (30-100 mm)       

14,710-14,890       

782-792    

+330  

+17 

Karabuk Region (30-100mm)       

14,330-14,420      

762-767        

+230   

+12     

Iskenderun Region (30-100 mm)       

14,230-14,420   

757-767  

+570       

+31     

Izmir Region (30-100 mm)       

14,520-14,700         

772-781      

+330 

+17 

NPI-NPU Prices:  

Region       

Prices (TRY/mt)       

Prices ($/mt)       

Price change (TRY/mt)       

Price change ($/mt)       

Denizli Region (30-100 mm)       

14,680-14,860       

780-790   

+330       

+18      

Karabuk Region (30-100 mm)       

14,300-14,390      

760-765         

+230          

+13       

Iskenderun Region (30-100 mm)       

14,200-14,390         

755-765       

+570  

+30       

Izmir Region (30-50 mm)       

14,490-14,670        

770-780       

+330     

+18     

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, January 24.      

$1 = TRY 18.81


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