SteelOrbis has learned from market sources 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 1,200-1,250/mt ($615-641/mt), angles are at TRY 1,200-1,250/mt ($615-641/mt), while flat bars are at TRY 1,210-1,280/mt ($617-653/mt). All prices are ex-works, on actual weight basis and excluding VAT.
Also, it should be considered that some mills may give offers below these levels depending on their stocks.
Offers in the Turkish merchant bar market increased on August 20 in some regions, as the US dollar-Turkish lira exchange rate approached 1.96. Market sources state that, while demand is trending sideways at medium levels, there may be an another price adjustment in the days to come on the back of fluctuations in the exchange rate with the US dollar.
US$1 = TRY 1.95
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.