Merchant bar prices in the local Turkish market have been continuing their softening trend. This week's most important development has been the disappearance of the price gaps between the various regions. Meanwhile, producers are having difficulties in determining price levels.
The merchant bar prices in this market, depending on size, thickness and region, are at the following levels: small IPN-UPN are priced at TRY 1,450-1,480/mt ($1,203-1,229/mt), 80-100-120 mm IPE are at TRY 1,460-1,500/mt ($1,212-1,245/mt), angles stand at TRY 1,420-1,470/mt ($1,178-1,220/mt), and flat bars and square bars are at TRY 1,430-1,480/mt ($1,187-1,229/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 1,440-1,460/mt |
Karabuk region (30 - 100mm) | TRY 1,420-1,440/mt |
Iskenderun region (30 - 100 mm) | TRY 1,430-1,450/mt |
Izmir region (30 - 100 mm) | TRY 1,450-1,470/mt |
Flat bars:
Iskenderun region | TRY 1,440-1,460/mt |
Denizli region | TRY 1,450-1,470/mt |
Karabuk region | TRY 1,430-1,450/mt |
Izmir region | TRY 1,460-1,480/mt |
Square bars:
Denizli region | TRY 1,450-1,470/mt |
Karabuk region | TRY 1,430-1,450/mt |
Izmir region | TRY 1,460-1,480/mt |
Iskenderun region | TRY 1,440-1,460/mt |
IPN-UPN:
Denizli region | TRY 1,450-1,470/mt |
Iskenderun region | TRY 1,460-1,480/mt |
IPE:
Iskenderun region (100-120 mm) | TRY 1,460-1,480/mt |
Izmir region (80-120 mm) | TRY 1,480-1,500/mt |
All the above prices exclude VAT.