Over the past two weeks, Turkey’s local merchant bar prices have increased quite significantly in the local currency, in the local currency, which has been reflected in a considerable rise on US dollar basis. Only the producers in the Iskenderun region have chosen to keep their dollar prices stable.
According to sources, special discounts are applicable for serious buyers and the gap between the official list prices and workable prices has widened these days. The key reason is that most buyers are exerting pressure for further discounts due to the sluggish demand in the local market.
Most merchant bar re-rollers are offering for September-early October delivery, while a limited tonnage is also available from stocks. An Izmir-based mill is currently offering HEA/HEB (100-200 mm, standard) at around $940-950/mt ex-works.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
6,900-6,950 |
792-798 |
+250 |
+17 |
|
Karabuk Region (30-100mm) |
6,650-6,700 |
763-769 |
+150 |
+6 |
|
Iskenderun Region (30-100 mm) |
6,710 |
770 |
+100 |
0 |
|
Izmir Region (30-100 mm) |
6,850-6,900 |
786-792 |
+250 |
+17 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
6,930-6,980 |
796-801 |
+250 |
+17 |
|
Karabuk Region (30-100mm) |
6,680-6,730 |
767-773 |
+150 |
+6 |
|
Iskenderun Region (30-100 mm) |
6,740 |
774 |
+100 |
0 |
|
Izmir Region (30-100 mm) |
6,880-6,930 |
790-796 |
+250 |
+17 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
6,900-6,950 |
792-798 |
+250 |
+17 |
|
Karabuk Region (30-100 mm) |
6,650-6,700 |
763-769 |
+150 |
+6 |
|
Iskenderun Region (30-100 mm) |
6,710 |
770 |
+100 |
0 |
|
Izmir Region (30-50 mm) |
6,850-6,900 |
786-792 |
+250 |
+17 |
The above prices exclude 18 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Tuesday, June 15.
$1 = TRY 8.71