Rapid increase in local Turkish merchant bar prices

Thursday, 07 February 2019 12:14:19 (GMT+3)   |   Istanbul
       

It is observed that demand in the local Turkish merchant bar market has accelerated during the past week. With the ongoing increases in import billet and import scrap quotations in Turkey, local merchant bar mills’ production costs have risen. As a result, Turkish merchant bar producers have gradually increased their prices. Currently, domestic merchant bar prices in Turkey are TRY 120-170/mt higher as compared to SteelOrbis’ report published on January 24. Market sources state that Turkish merchant bar mills keep their domestic sales open for a very short window due to the rapid increases in scrap and billet quotations, and so shortages are seen in the local Turkish merchant bar market.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,930-2,950

557-561

↑170

Karabuk Region (30-100mm)

2,770-2,790

527-530

↑160

Iskenderun Region (30-100 mm)

2,670-2,690

508-511

↑120

Izmir Region (30-100 mm)

2,900-2,920

551-555

↑170

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,960-2,980

563-567

↑170

Karabuk Region (30-100mm)

2,800-2,820

532-536

↑160

Iskenderun Region (30-100 mm)

2,700-2,720

513-517

↑120

Izmir Region (30-100 mm)

2,900-2,920

551-555

↑170

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

2,930-2,950

557-561

↑170

Karabuk Region (30-100 mm)

2,770-2,790

527-530

↑160

Iskenderun Region (30-100 mm)

2,670-2,690

508-511

↑120

Izmir Region (30-50 mm)

2,900-2,920

551-555

↑170

 

The above prices exclude 18 percent VAT and are on ex-works basis.

$1 = TRY 5.26


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