Over the past week, Turkish domestic official merchant bar prices have increased by TRY 160-1,000/mt ($3-33/mt) amid the ongoing depreciation of the Turkish lira against the US dollar and costlier scrap. One Iskenderun-based mill has issued its official merchant bar price at TRY 16,850/mt ($619/mt) ex-works, SteelOrbis has heard.
Most merchant bar sellers are offering for September-early October delivery and only limited tonnages are available from stocks. Most local buyers are monitoring the import scrap price trend and are waiting for the Turkish Central Bank's interest rate decision due on Thursday, August 24.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,800-19,000 |
691-699 |
+1,000 |
+33 |
Karabuk Region (30-100mm) |
17,280-17,400 |
635-640 |
+160 |
+3 |
Iskenderun Region (30-100 mm) |
16,850-17,120 |
619-629 |
+435 |
+13 |
Izmir Region (30-100 mm) |
18,500-18,700 |
680-688 |
+1,000 |
+33 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,840-19,040 |
693-700 |
+1,000 |
+33 |
Karabuk Region (30-100mm) |
17,320-17,440 |
637-641 |
+160 |
+2 |
Iskenderun Region (30-100 mm) |
16,890-17,160 |
621-631 |
+435 |
+12 |
Izmir Region (30-100 mm) |
18,540-18,740 |
682-689 |
+1,000 |
+33 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,800-19,000 |
691-699 |
+1,000 |
+33 |
Karabuk Region (30-100 mm) |
17,280-17,400 |
635-640 |
+160 |
+3 |
Iskenderun Region (30-100 mm) |
16,850-17,120 |
619-629 |
+435 |
+13 |
Izmir Region (30-50 mm) |
18,500-18,700 |
680-688 |
+1,000 |
+33 |
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, August 16.
$1 = TRY 27.20
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