Over the past week, Turkish official domestic merchant bar producers have mostly kept their merchant bar prices stable in the local currency, falling by $5-6/mt on US dollar basis, while only merchant bar prices in the Karabuk region have decreased in the local currency, falling on average by TRY 50/mt ($7/mt). Moreover, one Iskenderun-based mill is offering its equal angles at TRY 19,300-19,620/mt ($595-604/mt) ex-works.
Most merchant bar sellers are offering either for late June-July delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 26,400/mt ($813/mt) for delivery to the Karabuk region.
“Most buyers are postponing their purchases until after the Feast of Sacrifice holiday, while being pessimistic that merchant bar prices may fall amid sluggish demand,” one source commented.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,150-21,450 |
652-661 |
0 |
-5 |
Karabuk Region (30-100mm) |
20,000-20,200 |
616-622 |
-50 |
-7 |
Iskenderun Region (30-100 mm) |
19,300-19,620 |
595-604 |
0 |
-5 |
Izmir Region (30-100 mm) |
20,650-20,950 |
636-645 |
0 |
-6 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,190-21,490 |
653-662 |
0 |
-6 |
Karabuk Region (30-100mm) |
20,040-20,240 |
617-624 |
-50 |
-7 |
Iskenderun Region (30-100 mm) |
19,340-19,660 |
596-606 |
0 |
-5 |
Izmir Region (30-100 mm) |
20,690-20,990 |
637-647 |
0 |
-5 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,150-21,450 |
652-661 |
0 |
-5 |
Karabuk Region (30-100 mm) |
20,000-20,200 |
616-622 |
-50 |
-7 |
Iskenderun Region (30-100 mm) |
19,300-19,620 |
595-604 |
0 |
-5 |
Izmir Region (30-50 mm) |
20,650-20,950 |
636-645 |
0 |
-6 |
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, May 28.
$1 = TRY 32.46
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