Over the past two weeks, Turkish domestic merchant bar producers have increased their official merchant bar prices by TRY 50-300/mt, with their prices declining by $2-10/mt on US dollar basis, against the backdrop of ongoing currency fluctuations. Moreover, one Iskenderun-based mill is offering its equal angles at TRY 19,750-20,070/mt ($599-609/mt) ex-works.
Most merchant bar sellers are offering either for July-early August delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 26,650/mt ($808/mt) for delivery to the Karabuk region. The price indicates an increase of TRY 250/mt and a drop of $7/mt on US dollar basis over the same period.
Most buyers are monitoring the import scrap and billet price trends and are postponing their purchases for now.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,250-21,450 |
645-651 |
+50 |
-10 |
Karabuk Region (30-100mm) |
20,300-20,500 |
616-622 |
+300 |
-2 |
Iskenderun Region (30-100 mm) |
19,750-20,070 |
599-609 |
+250 |
-3 |
Izmir Region (30-100 mm) |
20,750-20,950 |
629-635 |
+50 |
-10 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,290-21,490 |
646-652 |
+50 |
-10 |
Karabuk Region (30-100mm) |
20,340-20,540 |
617-623 |
+300 |
-2 |
Iskenderun Region (30-100 mm) |
19,790-20,110 |
600-610 |
+250 |
-3 |
Izmir Region (30-100 mm) |
20,790-20,990 |
631-637 |
+50 |
-10 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,250-21,450 |
645-651 |
+50 |
-10 |
Karabuk Region (30-100 mm) |
20,300-20,500 |
616-622 |
+300 |
-2 |
Iskenderun Region (30-100 mm) |
19,750-20,070 |
599-609 |
+250 |
-3 |
Izmir Region (30-50 mm) |
20,750-20,950 |
629-635 |
+50 |
-10 |
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, June 12.
$1 = TRY 32.97
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