Over the past week, Turkish official domestic merchant bar prices have remained stable in the local currency, while falling by $8-9/mt on US dollar basis amid the ongoing currency fluctuations. "Production costs are really high, which makes us reluctant to decrease our list prices, while buyers are exerting pressure for further discounts," one source commented. In addition, one Iskenderun-based mill has set its equal angle price at TRY 19,650-19,960/mt ($622-632/mt) ex-works this week.
Most merchant bar sellers are offering either for late March-April delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 26,300/mt ($832/mt) for delivery to the Karabuk region.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,300-21,600 |
674-684 |
0 |
-9 |
Karabuk Region (30-100mm) |
20,500-21,000 |
649-665 |
0 |
-8 |
Iskenderun Region (30-100 mm) |
19,650-19,960 |
622-632 |
0 |
-8 |
Izmir Region (30-100 mm) |
20,900-21,200 |
661-671 |
0 |
-9 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,340-21,640 |
675-685 |
0 |
-9 |
Karabuk Region (30-100mm) |
20,540-21,040 |
650-666 |
0 |
-9 |
Iskenderun Region (30-100 mm) |
19,690-20,000 |
623-633 |
0 |
-8 |
Izmir Region (30-100 mm) |
20,940-21,240 |
663-672 |
0 |
-9 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,300-21,600 |
674-684 |
0 |
-9 |
Karabuk Region (30-100 mm) |
20,500-21,000 |
649-665 |
0 |
-8 |
Iskenderun Region (30-100 mm) |
19,650-19,960 |
622-632 |
0 |
-8 |
Izmir Region (30-50 mm) |
20,900-21,200 |
661-671 |
0 |
-9 |
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, February 28.
$1 = TRY 31.60
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