The merchant bar prices in the local Turkish market have been varying due to the softening in the US$ exchange rate.
The merchant bar prices in this market as of Thursday, May 15, depending on size, thickness and region, are at the following levels: small IPN-UPN are priced at TRY 1,500-1,520/mt ($1,01-1,217/mt), 100-120 mm IPE are at TRY 1,560-1,575/mt ($1,250-1,262/mt), angles stand at TRY 1,495-1,515/mt ($1,197-1,213/mt), and flat bars and square bars are at TRY 1,510-1,530/mt ($1,209-1,225/mt) - all prices are ex-works, on actual weight basis and excluding VAT. The prices also may differ in the sales price levels of traders (with previously-taken positions) which are lower than the mills' levels, and also depending on ups and downs in the exchange rates of the Turkish lira and other currencies.
Angles:
Denizli region (30-100 mm) |
TRY 1,500-1,515/mt |
Karabuk region (30-100 mm) |
TRY 1,495-1,515/mt |
Iskenderun region (30-100 mm) |
TRY 1,490-1,510/mt |
Izmir region (30-100 mm) |
TRY 1,505-1,515/mt |
Flat bars:
Iskenderun region |
TRY 1,510-1,520/mt |
Denizli region |
TRY 1,510-1,520/mt |
Karabuk region |
TRY 1,510-1,520/mt |
Izmir region |
TRY 1,520-1,530/mt |
Square bars:
Denizli region |
TRY 1,510-1,520/mt |
Karabuk region |
TRY 1,510-1,520/mt |
Izmir region |
TRY 1,520-1,530/mt |
Iskenderun region |
TRY 1,510-1,520/mt |
IPN-UPN:
Denizli region |
TRY 1,510-1,520/mt |
Karabuk region (160-200 mm) |
TRY 1,540/mt |
Karabuk region (220-550 mm) |
TRY 1,810/mt |
Iskenderun region |
TRY 1,500-1,510/mt |
IPE:
Iskenderun region (100-120 mm) |
TRY 1,560-1,575/mt |
Karabuk region (160-200 mm) |
TRY 1,540/mt |
All the above prices exclude VAT.
TRY 1 = US$0.801