Turkey’s local dollar-based merchant bar prices decrease

Wednesday, 02 June 2021 17:43:36 (GMT+3)   |   Istanbul
       

Domestic merchant bar pricing in Turkey has been mixed depending on producers’ positions and input costs. Suppliers in the Iskenderun and Karabuk regions have cut their offers quite significantly, aiming to generate sales amid poor demand. In the meantime, producers in the Izmir and Denizli regions have on the contrary increased their prices on Turkish lira basis, partly compensating for the exchange rate drop, while just reducing their dollar-basis prices by a small margin. The key reason for the increases, according to sources, is the costlier billet input compared to other regions of Turkey.

Most merchant bar re-rollers are offering for late August-early September delivery, while limited tonnage is also available from stocks. One Izmir-based mill is currently offering HEA/HEB (100-200 mm, standard) at around $890-900/mt ex-works.

Equal Angle Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

6,950-7,000

809-815

+150

-7

Karabuk Region (30-100mm)

6,500-6,600

757-768

-175

-44

Iskenderun Region (30-100 mm)

6,615

770

-50

-30

Izmir Region (30-100 mm)

6,900-6,950

803-809

+150

-7

Flat Bar Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

6,980-7,030

813-818

+150

-8

Karabuk Region (30-100mm)

6,530-6,630

760-772

-175

-45

Iskenderun Region (30-100 mm)

6,645

774

-50

-30

Izmir Region (30-100 mm)

6,930-6,980

807-813

+150

-7

NPI-NPU Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

6,950-7,000

809-815

+150

-7

Karabuk Region (30-100 mm)

6,500-6,600

757-768

-175

-44

Iskenderun Region (30-100 mm)

6,615

770

-50

-30

Izmir Region (30-50 mm)

6,900-6,950

803-809

+150

-7

The above prices exclude 18 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Tuesday, May 18. 

$1 = TRY 8.59


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