Merchant bar prices in the local Turkish market have softened slightly due to the sluggishness in demand and the decreasing TRY/US$ exchange rate. The merchant bar prices in this market as of Tuesday, July 8, depending on size, thickness and region, are at the following levels: small IPN-UPN are priced at TRY 1,650-1,690/mt ($1,344-1,377/mt), 100-120 mm IPE are at TRY 1,690-1,750/mt ($1,377-1,425/mt), angles stand at TRY 1,645-1,720/mt ($1,340-1,401/mt), and flat bars and square bars are at TRY 1,670-1,730/mt ($1,360-1,409/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.
Angles:
Denizli region (30-100 mm) | TRY 1,670-1,690/mt |
Karabuk region (30-100 mm) | TRY 1,700-1,720/mt |
Iskenderun region (30-100 mm) | TRY 1,645-1,665/mt |
Izmir region (30-100 mm) | TRY 1,680-1,700/mt |
Flat bars:
Iskenderun region | TRY 1,670-1,690/mt |
Denizli region | TRY 1,680-1,700/mt |
Karabuk region | TRY 1,710-1,730/mt |
Izmir region | TRY 1,690-1,710/mt |
Square bars:
Denizli region | TRY 1,680-1,700/mt |
Karabuk region | TRY 1,710-1,730/mt |
Izmir region | TRY 1,690-1,710/mt |
Iskenderun region | TRY 1,670-1,690/mt |
IPN-UPN:
Denizli region | TRY 1,670-1,690/mt |
Iskenderun region | TRY 1,650-1,670/mt |
IPE:
Iskenderun region (100-120 mm) | TRY 1,690-1,720/mt |
Karabuk region (160-200 mm) | TRY 1,730-1,750/mt |
All the above prices exclude VAT.
TRY 1 = US$0.814