Over the past week, Turkish official domestic merchant bar prices have fallen by TRY 100-300/mt ($8-15/mt) against the backdrop of the ongoing currency fluctuations, sluggish demand and the negative sentiment in the import scrap prices.
One Iskenderun-based mill has issued its official merchant bar price at TRY 16,600/mt ($590/mt) ex-works today, falling by $15/mt from a week ago.
Most merchant bar sellers are offering either for November delivery, or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 23,600/mt ($839/mt), ex-works for delivery in the Karabuk region, falling by TRY 200/mt ($13/mt), SteelOrbis has heard. According to sources, buyers exert for further discounts due to the unclear financial situation in the country.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,000-18,200 |
640-647 |
-100 |
-8 |
Karabuk Region (30-100mm) |
17,400-17,600 |
619-626 |
-300 |
-15 |
Iskenderun Region (30-100 mm) |
16,600-16,880 |
590-600 |
-295 |
-15 |
Izmir Region (30-100 mm) |
17,700-17,900 |
629-637 |
-100 |
-8 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,040-18,240 |
642-649 |
-100 |
-8 |
Karabuk Region (30-100mm) |
17,440-17,640 |
620-627 |
-300 |
-15 |
Iskenderun Region (30-100 mm) |
16,640-16,920 |
592-602 |
-295 |
-15 |
Izmir Region (30-100 mm) |
17,740-17,940 |
631-638 |
-100 |
-8 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
18,000-18,200 |
640-647 |
-100 |
-8 |
Karabuk Region (30-100 mm) |
17,400-17,600 |
619-626 |
-300 |
-15 |
Iskenderun Region (30-100 mm) |
16,600-16,880 |
590-600 |
-295 |
-15 |
Izmir Region (30-50 mm) |
17,700-17,900 |
629-637 |
-100 |
-8 |
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, October 17.
$1 = TRY 28.12
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