Over the past two weeks, domestic structural steel prices in Turkey's Izmir and Denizli regions have increased by TRY 120-200/mt ($43-71/mt), while prices in Turkey's Karabuk region have risen by €60/mt ($68/mt) in the same period. Although domestic structural steel prices have moved on an uptrend in Turkey in line with the ongoing increases seen in global steel prices, no recovery has been observed on the demand side in the domestic market, where activity is still at weak levels.
As of today, April 21, structural steel prices in the Turkish domestic market are as follows:
Denizli region
Product |
Price (TRY/mt) |
Price ($/mt) |
NPI-NPU 160 mm |
1,480-1,510 |
525-535 |
NPI-NPU 180-200 mm |
1,500-1,510 |
532-535 |
T Profile 25 mm |
1,520-1,560 |
539-553 |
T Profile 50 mm |
1,520-1,580 |
539-560 |
Square 10-25 mm |
1,530-1,560 |
543-553 |
Square 25-50 mm |
1,550-1,580 |
550-560 |
Izmir region
Product |
Price (TRY/mt) |
Price ($/mt) |
NPI-NPU 65-160 mm |
1,450-1,480 |
514-525 |
NPI-NPU 180-200 mm |
1,470-1,480 |
521-525 |
Square 10-25 mm |
1,500-1,530 |
532-543 |
Square 25-50 mm |
1,520-1,550 |
539-550 |
Karabuk region
Product |
Price (€/mt) |
Price ($/mt) |
NPI-NPU 160 mm |
430 |
486 |
NPI-NPU 180-200 mm |
435 |
492 |
NPI-NPU 320-550 mm |
500 |
565 |
HEA/HEB 120-180 mm |
440 |
497 |
HEA/HEB 200-260 mm |
500 |
565 |
The above prices, which exclude VAT, are on ex-works basis.
$1 = TRY 2.82
€1 = $1.13