Merchant bar prices in the local Turkish market have this week been maintaining their downward trend. However, demand in this market remains weak despite the drop in price. The merchant bar prices in this market as of Wednesday, July 15, depending on size, thickness and region, are at the following levels: small IPN-UPN are priced at TRY 1,610-1,640/mt ($1,320-1,344/mt), 100-120 mm IPE are at TRY 1,680-1,710/mt ($1,377-1,402/mt), angles stand at TRY 1,610-1,650/mt ($1,320-1,352/mt), and flat bars and square bars are at TRY 1,620-1,660/mt ($1,328-1,361/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 1,630-1,640/mt |
Karabuk region (30-100 mm) |
TRY 1,640-1,650/mt |
Iskenderun region (30-100 mm) |
TRY 1,610-1,620/mt |
Izmir region (30-100 mm) |
TRY 1,630-1,640/mt |
Flat bars:
Iskenderun region |
TRY 1,620-1,630/mt |
Denizli region |
TRY 1,640-1,650/mt |
Karabuk region |
TRY 1,650-1,660/mt |
Izmir region |
TRY 1,640-1,650/mt |
Square bars:
Denizli region |
TRY 1,640-1,650/mt |
Karabuk region |
TRY 1,650-1,660/mt |
Izmir region |
TRY 1,640-1,650/mt |
Iskenderun region |
TRY 1,620-1,630/mt |
IPN-UPN:
Denizli region |
TRY 1,630-1,640/mt |
Iskenderun region |
TRY 1,610-1,620/mt |
IPE:
Iskenderun region (100-120 mm) |
TRY 1,680-1,700/mt |
Karabuk region (160-200 mm) |
TRY 1,690-1,710/mt |
All the above prices exclude VAT.
TRY 1 = US$0.820