Over the past week, Turkish domestic merchant bar producers have mostly kept their official merchant bar prices stable in the local currency, while reducing them by $6-7/mt on US dollar basis amid the ongoing currency fluctuations. Only in the Iskenderun region is one mill offering its equal angles at TRY 19,750-20,080/mt ($600-610/mt) ex-works today. The merchant bar re-roller's price was at TRY 19,500-19,820/mt ($595-604/mt) at an exchange rate of $1 = TRY 32.71 yesterday.
Most merchant bar sellers are offering either for August delivery or for late July and from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 26,650/mt ($810/mt) for delivery to the Karabuk region. The price has remained stable in the local currency stable, with a decrease of $8/mt on US dollar basis over the same period.
Most local buyers are not in a rush to restock material.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,650-21,800 |
658-662 |
0 |
-7 |
Karabuk Region (30-100mm) |
20,400-20,800 |
620-632 |
0 |
-6 |
Iskenderun Region (30-100 mm) |
19,750-20,080 |
600-610 |
+5 |
-6 |
Izmir Region (30-100 mm) |
21,150-21,300 |
642-647 |
0 |
-7 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,690-21,840 |
659-663 |
0 |
-7 |
Karabuk Region (30-100mm) |
20,440-20,840 |
621-633 |
0 |
-7 |
Iskenderun Region (30-100 mm) |
19,790-20,120 |
601-611 |
+5 |
-6 |
Izmir Region (30-100 mm) |
21,190-21,340 |
644-648 |
0 |
-7 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,650-21,800 |
658-662 |
0 |
-7 |
Karabuk Region (30-100 mm) |
20,400-20,800 |
620-632 |
0 |
-6 |
Iskenderun Region (30-100 mm) |
19,750-20,080 |
600-610 |
+5 |
-6 |
Izmir Region (30-50 mm) |
21,150-21,300 |
642-647 |
0 |
-7 |
The above prices exclude 20 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Wednesday, July 3.
$1 = TRY 32.92
.jpeg)