Turkish domestic merchant bar prices increase further

Thursday, 29 December 2022 14:52:00 (GMT+3)   |   Istanbul
       

Local Turkish official merchant bar prices have risen by another TRY 290-390/mt ($15-20/mt) compared to Tuesday, December 27 amid currency fluctuations and expected higher energy costs, import scrap prices and higher billet prices. One Iskenderun-based mill has increased its merchant bar list prices by $10/mt to $715/mt ex-works today.

Most merchant bar sellers are offering for January delivery and only limited tonnages are available from stocks. A few re-rollers are offering official HEA/HEB (100-200 mm, standard) offers at $930/mt versus $900-920/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)     

14,050-14,230    

750-760    

+385 

+20 

Karabuk Region (30-100mm)     

13,860-13,960    

740-745     

+385    

+20  

Iskenderun Region (30-100 mm)     

13,400-13,580

715-725     

+290    

+15   

Izmir Region (30-100 mm)     

13,860-14,050  

740-750    

+390  

+20    

Flat Bar Prices:

Region     

Prices (TRY/mt)     

Prices ($/mt)     

Price change (TRY/mt)     

Price change ($/mt)     

Denizli Region (30-100 mm)     

14,080-14,260     

752-761    

+385 

+21    

Karabuk Region (30-100mm)     

13,890-13,990    

742-747   

+385      

+20     

Iskenderun Region (30-100 mm)     

13,430-13,610

717-727  

+290    

+15    

Izmir Region (30-100 mm)     

13,890-14,080     

742-752   

+390    

+21     

NPI-NPU Prices:

Region     

Prices (TRY/mt)     

Prices ($/mt)     

Price change (TRY/mt)     

Price change ($/mt)     

Denizli Region (30-100 mm)     

14,050-14,230   

750-760  

+385    

+20     

Karabuk Region (30-100 mm)     

13,860-13,960    

740-745     

+385        

+20      

Iskenderun Region (30-100 mm)     

13,400-13,580     

715-725     

+290  

+15     

Izmir Region (30-50 mm)     

13,860-14,050     

740-750      

+390

+20 

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, December 27.    

$1 = TRY 18.73


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