Turkish domestic merchant bar prices in local currency mostly rise

Tuesday, 06 April 2021 17:31:23 (GMT+3)   |   Istanbul
       

In the past two weeks, Turkish domestic merchant bar list prices have mostly risen by TRY 250/mt ($18-19/mt) amid rapid currency fluctuations and higher local scrap prices, while only declining by $15/mt on US dollar basis in the Iskenderun region where quotations have started to be given in dollars at $650/mt ex-works in order to avoid risks from the currency fluctuations.

One Marmara-based mill is currently offering HEA/HEB (100-200 mm, standard) at around $800-805/mt ex-works. Most re-rollers are mainly offering for late May-June delivery, while a few re-rollers are continuing to offer limited tonnages from their stocks.

Equal Angle Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

5,600-5,650

687-693

+250

+18

Karabuk Region (30-100mm)

5,450-5,550

669-681

+250

+19

Iskenderun Region (30-100 mm)

5,300-5,300

650-650

-20

-15

Izmir Region (30-100 mm)

5,550-5,600

681-687

+250

+18

Flat Bar Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

5,630-5,680

691-697

+250

+18

Karabuk Region (30-100mm)

5,480-5,580

672-685

+250

+19

Iskenderun Region (30-100 mm)

5,330-5,330

654-654

-20

-15

Izmir Region (30-100 mm)

5,580-5,630

685-691

+250

+18

NPI-NPU Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

5,600-5,650

687-693

+250

+18

Karabuk Region (30-100 mm)

5,450-5,550

669-681

+250

+19

Iskenderun Region (30-100 mm)

5,300-5,300

650-650

-20

-15

Izmir Region (30-50 mm)

5,550-5,600

681-687

+250

+18

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 Wednesday, March 24. 

$1 = TRY 8.15


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