Local Turkish official merchant bar prices soften

Tuesday, 14 March 2023 16:50:28 (GMT+3)   |   Istanbul
       

Over the past week, Turkish official domestic dollar-based merchant bar prices have decreased by TRY 30-310/mt ($5-20/mt) amid currency fluctuations and the lack of a clear roadmap for supply of construction materials to rebuilding projects in the earthquake-hit region. One Iskenderun-based mill cut its merchant bar price by $10/mt to $800/mt ex-works on Thursday, March 9, and also decreased its merchant bar price by another $10/mt earlier this week.

Most merchant bar sellers are offering for April delivery and only limited tonnages are available either from stocks or late March delivery. A few re-rollers have also decreased their HEA/HEB (100-200 mm, standard) by $20/mt to $940/mt ex-works, SteelOrbis has heard.

Equal Angle Prices:

Region         

Prices (TRY/mt)         

Prices ($/mt)         

Price change (TRY/mt)         

Price change ($/mt)         

Denizli Region (30-100 mm)         

15,650-15,840       

825-835        

-35     

-5  

Karabuk Region (30-100mm)         

15,180-15,360       

800-810         

-80      

-8    

Iskenderun Region (30-100 mm)         

14,990-15,180  

790-800       

-310        

-20    

Izmir Region (30-100 mm)         

15,470-15,650      

815-825        

-30    

-5      

Flat Bar Prices:    

Region         

Prices (TRY/mt)         

Prices ($/mt)         

Price change (TRY/mt)         

Price change ($/mt)         

Denizli Region (30-100 mm)         

15,690-15,880          

827-837      

-35   

-5 

Karabuk Region (30-100mm)         

15,220-15,400      

802-812           

-80    

-7   

Iskenderun Region (30-100 mm)         

15,030-15,220   

792-802  

-310        

-20      

Izmir Region (30-100 mm)         

15,510-15,690          

818-827       

-30   

-5  

NPI-NPU Prices:    

Region         

Prices (TRY/mt)         

Prices ($/mt)         

Price change (TRY/mt)         

Price change ($/mt)         

Denizli Region (30-100 mm)         

15,650-15,840           

825-835    

-35      

-5     

Karabuk Region (30-100 mm)         

15,180-15,360         

800-810            

-80        

-8       

Iskenderun Region (30-100 mm)         

14,990-15,180     

790-800      

-310    

-20         

Izmir Region (30-50 mm)         

15,470-15,650           

815-825          

-30       

-5      

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 Monday, March 6.

$1 = TRY 18.97


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