The Turkish domestic merchant bar market has begun the current week with a further softening. Changes in the $/TRY exchange rate have led prices to show some variation. Demand difficulties continue to be seen and buyers have been refraining from making purchases in the domestic market. As of today, November 24, merchant bar prices in this market, depending on size, thickness and region, are at the following levels: small IPN-UPNs and angles are priced at TRY 830-900/mt ($515-558/mt), while flat bars and square bars are at TRY 840-910/mt ($521-565/mt) - all prices are ex-works, on actual weight basis and excluding VAT. However, it should be taken into consideration that some mills may offer at below these levels depending on their stocks.
Angles:
Denizli region (30-100 mm) |
TRY 880-890/mt |
Karabuk region (30-100 mm) |
TRY 840-850/mt |
Iskenderun region (30-100 mm) |
TRY 830-840/mt |
Izmir region (30-100 mm) |
TRY 890-900/mt |
Flat bars:
Iskenderun region |
TRY 840-850/mt |
Denizli region |
TRY 890-900/mt |
Karabuk region |
TRY 840-850/mt |
Izmir region |
TRY 900-910/mt |
Square bars:
Denizli region |
TRY 890-900/mt |
Karabuk region |
TRY 840-850/mt |
Izmir region |
TRY 900-910/mt |
Iskenderun region |
TRY 840-850/mt |
IPN-UPN:
Denizli region |
TRY 880-890/mt |
Izmir region |
TRY 890-900/mt |
Iskenderun region |
TRY 830-840/mt |
US$1 = TRY 1.61158