Over the past week, Turkish official domestic merchant bar prices have fallen by TRY 230/mt ($15/mt) in the Iskenderun region, while remaining stable in the local currency and down $7/mt in the rest of the country, against the backdrop of ongoing currency fluctuations and sluggish demand. In addition, one Iskenderun-based mill has today issued its official merchant bar price at TRY 19,000/mt ($646/mt) ex-works.
Most merchant bar sellers are offering either for late January or February delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 24,600/mt ($837/mt) ex-works for delivery to the Karabuk region, also down by TRY 250/mt ($17/mt) over the past week.
Most buyers are postponing their new purchases until after the New Year holiday and are monitoring the import scrap and billet price trends.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
20,300-20,600 |
690-701 |
0 |
-7 |
Karabuk Region (30-100mm) |
19,500-19,700 |
663-670 |
0 |
-7 |
Iskenderun Region (30-100 mm) |
19,000-19,290 |
646-656 |
-230 |
-15 |
Izmir Region (30-100 mm) |
20,000-20,300 |
680-690 |
0 |
-7 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
20,340-20,640 |
692-702 |
0 |
-7 |
Karabuk Region (30-100mm) |
19,540-19,740 |
665-671 |
0 |
-6 |
Iskenderun Region (30-100 mm) |
19,040-19,330 |
648-657 |
-230 |
-14 |
Izmir Region (30-100 mm) |
20,040-20,340 |
682-692 |
0 |
-7 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
20,300-20,600 |
690-701 |
0 |
-7 |
Karabuk Region (30-100 mm) |
19,500-19,700 |
663-670 |
0 |
-7 |
Iskenderun Region (30-100 mm) |
19,000-19,290 |
646-656 |
-230 |
-15 |
Izmir Region (30-50 mm) |
20,000-20,300 |
680-690 |
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 Tuesday, December 19.
$1 = TRY 29.40
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