Over the past week, domestic structural steel prices in Turkey have decreased by TRY 15/mt. Since demand has remained slack in the market in the same period, producers' inventories are still on the high side which makes it harder for them to continue their operations under the current market conditions. Meanwhile, traders are still concluding purchases only in line with the orders they receive, instead of building stocks.
As of today, February 11, structural steel prices in the Turkish domestic market are as follows:
Denizli region
Product |
Price (TRY/mt) |
Price ($/mt) |
NPI-NPU 160 mm |
1,130-1,160 |
386-394 |
NPI-NPU 180-200 mm |
1,150-1,160 |
392-394 |
T Profile 25 mm |
1,250-1,280 |
427-437 |
T Profile 50 mm |
1,270-1,280 |
433-437 |
Square 10-25 mm |
1,150-1,170 |
392-399 |
Square 25-50 mm |
1,170-1,180 |
399-403 |
Izmir region
Product |
Price (TRY/mt) |
Price ($/mt) |
NPI-NPU 65-160 mm |
1,100-1,130 |
375-386 |
NPI-NPU 180-200 mm |
1,120-1,130 |
382-386 |
Square 10-25 mm |
1,120-1,140 |
382-389 |
Square 25-50 mm |
1,140-1,150 |
389-392 |
Karabuk region
Product |
Price (€/mt) |
Price ($/mt) |
NPI-NPU 160 mm |
335 |
379 |
NPI-NPU 180-200 mm |
340 |
384 |
NPI-NPU 320-550 mm |
415 |
469 |
HEA/HEB 120-180 mm |
345 |
390 |
HEA/HEB 200-260 mm |
415 |
469 |
The above prices, which exclude VAT, are on ex-works basis.
$1 = TRY 2.93
€1 = $1.13