In the past week, Turkish domestic merchant bar prices have mainly increased by TRY 55-90/mt with minor changes on US dollar basis amid the depreciation of Turkish lira against US dollar. Only in the Karabuk region are a few mills applying aggressive pricing policies cutting their merchant bar prices significantly.
Most merchant bar sellers are offering for October delivery and only limited tonnages are available from stocks. Sources report that official HEA/HEB (100-200 mm, standard) prices are available at $990-1,020/mt ex-works versus $1,025/mt ex-works over the same period.
Most local buyers are not in a rush to restock due to the unclear financial situation in the country.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
13,720-13,810 |
745-750 |
+55 |
-2 |
Karabuk Region (30-100mm) |
13,250-13,440 |
720-730 |
-270 |
-20 |
Iskenderun Region (30-100 mm) |
13,070-13,250 |
710-720 |
+90 |
0 |
Izmir Region (30-100 mm) |
13,540-13,620 |
735-740 |
+55 |
-2 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
13,750-13,840 |
747-752 |
+55 |
-3 |
Karabuk Region (30-100mm) |
13,280-13,470 |
721-732 |
-270 |
-20 |
Iskenderun Region (30-100 mm) |
13,100-13,280 |
712-721 |
+90 |
0 |
Izmir Region (30-100 mm) |
13,570-13,650 |
737-741 |
+55 |
-2 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
13,720-13,810 |
745-750 |
+55 |
-2 |
Karabuk Region (30-100 mm) |
13,250-13,440 |
720-730 |
-270 |
-20 |
Iskenderun Region (30-100 mm) |
13,070-13,250 |
710-720 |
+90 |
0 |
Izmir Region (30-50 mm) |
13,540-13,620 |
735-740 |
+55 |
-2 |
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 Thursday, September 15.
$1 = TRY 18.41