Over the past week, Turkish merchant bar producers have mainly kept their merchant bar prices unchanged on Turkish lira basis and down by $1-2/mt in US dollars amid the ongoing currency fluctuations, though prices have risen by TRY 250/mt ($4/mt) in the Iskenderun region in order to offset currency fluctuations and due to the relatively better demand in the region.
One Iskenderun-based mill has issued its equal angle price at TRY 26,800/mt ($616/mt) ex-works today.
Most merchant bar sellers are still offering either for deliveries in February-early March or from stocks, depending on the size.
The general sentiment on the demand side is negative. A few merchant bar re-rollers are applying additional discounts for serious buyers.
Angle prices:
| Region | Prices (TRY/mt) | Prices ($/mt) | Price change (TRY/mt) | Price change ($/mt) |
| Denizli Region (30-100 mm) | 27,200-27,500 | 625-632 | 0 | -2 |
| Karabuk Region (30-100mm) | 26,500-26,700 | 609-614 | 0 | -1 |
| Iskenderun Region (30-100 mm) | 26,800 | 616 | +250 | +4 |
| Izmir Region (30-100 mm) | 26,700-27,000 | 614-621 | 0 | -1 |
Flat Bar Prices:
| Region | Prices (TRY/mt) | Prices ($/mt) | Price change (TRY/mt) | Price change ($/mt) |
| Denizli Region (30-100 mm) | 27,240-27,540 | 626-633 | 0 | -2 |
| Karabuk Region (30-100mm) | 26,540-26,740 | 610-615 | 0 | -1 |
| Iskenderun Region (30-100 mm) | 26,840 | 617 | +250 | +4 |
| Izmir Region (30-100 mm) | 26,740-27,040 | 615-622 | 0 | -1 |
NPI-NPU Prices:
| Region | Prices (TRY/mt) | Prices ($/mt) | Price change (TRY/mt) | Price change ($/mt) |
| Denizli Region (30-100 mm) | 27,200-27,500 | 625-632 | 0 | -1 |
| Karabuk Region (30-100 mm) | 26,500-26,700 | 609-614 | 0 | -2 |
| Iskenderun Region (30-100 mm) | 26,800 | 616 | +250 | +4 |
| Izmir Region (30-50 mm) | 26,700-27,000 | 614-621 | 0 | -1 |
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, January 28.
$1 = TRY 43.49
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