According to market sources, demand has been quiet in the local Turkish structural steel market since the general election on June 7, while producers' prices have been revised upwards on Turkish lira basis by TRY 25-30/mt on average in the same period against the backdrop of the sharp strengthening of the US dollar against the Turkish lira. Initially, the Turkish lira weakened to 2.81 against the dollar but then recovered to 2.73. However, transaction activity in the local Turkish structural steel market has failed to improve, having slowed down significantly amid political and economic uncertainties in the country, with purchases being postponed until market conditions become clearer.
Denizli region
NPI-NPU 160 mm |
TRY 1,400-1,440/mt ($513-527/mt) |
NPI-NPU 180-200 mm |
TRY 1,410-1,450/mt ($516-531/mt) |
T Profile 25 mm |
TRY 1,510-1,540/mt ($553-564/mt) |
T Profile 50 mm |
TRY 1,530-1,560/mt ($560-571/mt) |
Square 10-25 mm |
TRY 1,420-1,450/mt ($520-531/mt) |
Square 25-50 mm |
TRY 1,430-1,460/mt ($534-535/mt) |
Izmir region
NPI-NPU 65-160 mm |
TRY 1,380-1,420/mt ($505-520/mt) |
NPI-NPU 180-200 mm |
TRY 1,400-1,440/mt ($513-527/mt) |
Square 10-25 mm |
TRY 1,420-1,450/mt ($520-531/mt) |
Square 25-50 mm |
TRY 1,430-1,460/mt ($524-535/mt) |
Karabuk region
NPI-NPU 160 mm |
€465/mt ($530/mt) |
NPI-NPU 180-300 mm |
€470/mt ($536/mt) |
NPI-NPU 320-550 mm |
€530/mt ($604/mt) |
HEA/HEB 120-180 mm |
€480/mt ($547/mt) |
HEA/HEB 220-260 mm |
€530/mt ($604/mt) |
The above prices,which exclude VAT, are on ex-works basis.
$1 = TRY 2.73
€1 = $1.14