Merchant bar prices in Turkish domestic market - week 19
Thursday, 09 May 2013 16:38:45 (GMT+3)
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Istanbul
SteelOrbis has been informed that in the local Turkish market merchant bar prices depending on size, thickness and region are at the following levels: small IPN-UPN are priced at TRY 1,100-1,200/mt ($615-670/mt), angles are at TRY 1,100-1,200/mt ($615-670/mt), while flat bars are at TRY 1,110-1,210/mt ($620-676/mt). All prices are ex-works, on actual weight basis and excluding VAT. Meanwhile, competition has heated up in the Turkish domestic merchant bar market, while price negotiations have become more widespread.
Also, it should be considered that some mills may give offers below these levels depending on their stocks.
$1 = TRY 1.79
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.
