In the last two weeks, Turkish local merchant bar prices have raised by TRY 295-450/mt against the backdrops of the rapid currency fluctuations, and relatively firm import scrap prices. According to sources, most local buyers are on hold for new purchases ahead of Turkish Central Bank’s interest rate decision due on Thursday, November 18.
Most Turkish merchant bar re-rollers are offering material for early January delivery or limited tonnages available either from stocks or late December delivery. An Izmir-based mill has kept its price of HEA/HEB (100-200 mm, standard) at $950/mt ex-works over the same period.
Equal Angle Prices:
|
Region |
|
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
|
8,170-8,320 |
804-819 |
+410 |
-11 |
|
Karabuk Region (30-100mm) |
|
7,900-8,200 |
778-807 |
+450 |
-5 |
|
Iskenderun Region (30-100 mm) |
|
7,820-7,920 |
770-780 |
+295 |
-20 |
|
Izmir Region (30-100 mm) |
|
8,100-8,250 |
797-812 |
+400 |
-11 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
8,200-8,350 |
807-822 |
+410 |
-11 |
|
Karabuk Region (30-100mm) |
7,930-8,230 |
781-810 |
+450 |
-5 |
|
Iskenderun Region (30-100 mm) |
7,850-7,950 |
773-782 |
+295 |
-20 |
|
Izmir Region (30-100 mm) |
8,130-8,280 |
800-815 |
+400 |
-11 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
8,170-8,320 |
804-819 |
+410 |
-11 |
|
Karabuk Region (30-100 mm) |
7,900-8,200 |
778-807 |
+450 |
-5 |
|
Iskenderun Region (30-100 mm) |
7,820-7,920 |
770-780 |
+295 |
-20 |
|
Izmir Region (30-50 mm) |
8,100-8,250 |
797-812 |
+400 |
-11 |
The above prices exclude 18 percent VAT, are on ex-works basis and for cash payment. Price changes in the tables above are calculated as compared to Tuesday, November 2.
$1 = TRY 10.16