Over the past week, Turkish domestic merchant bar producers have mostly kept their official merchant bar prices stable in the local currency, while raising them by $1-2/mt on US dollar basis, while only merchant bar prices in the Iskenderun region have increased in the local currency, rising on average by TRY 200/mt ($7/mt) amid the positive sentiment in the import scrap segment. Moreover, one Iskenderun-based mill is offering its equal angles at TRY 19,500-19,820/mt ($602-612/mt) ex-works.
Most merchant bar sellers are offering either for July delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 26,400/mt ($815/mt) for delivery to the Karabuk region.
Most buyers are maintaining a wait-and-see stance as regards new purchases.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,150-21,450 |
653-662 |
0 |
+1 |
Karabuk Region (30-100mm) |
20,000-20,200 |
617-624 |
0 |
+2 |
Iskenderun Region (30-100 mm) |
19,500-19,820 |
602-612 |
+200 |
+7 |
Izmir Region (30-100 mm) |
20,650-20,950 |
638-647 |
0 |
+2 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,190-21,490 |
654-663 |
0 |
+1 |
Karabuk Region (30-100mm) |
20,040-20,240 |
619-625 |
0 |
+1 |
Iskenderun Region (30-100 mm) |
19,540-19,860 |
603-613 |
+200 |
+7 |
Izmir Region (30-100 mm) |
20,690-20,990 |
639-648 |
0 |
+1 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,150-21,450 |
653-662 |
0 |
+1 |
Karabuk Region (30-100 mm) |
20,000-20,200 |
617-624 |
0 |
+2 |
Iskenderun Region (30-100 mm) |
19,500-19,820 |
602-612 |
+200 |
+7 |
Izmir Region (30-50 mm) |
20,650-20,950 |
638-647 |
0 |
+2 |
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, June 4.
$1 = TRY 32.39
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