Turkish domestic merchant bar prices revised to offset currency fluctuations

Friday, 23 September 2022 14:44:24 (GMT+3)   |   Istanbul
       

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


Similar articles

Local Turkish merchant bar prices mostly stable in local currency

26 Mar | Longs and Billet

US merchant bar imports up 33.8 percent in January

22 Mar | Steel News

Iskenderun-based Turkish mill revises merchant bar prices

22 Mar | Longs and Billet

Ex-Turkey official merchant bar prices stable

22 Mar | Longs and Billet

Turkish domestic dollar-based merchant bar prices soften

19 Mar | Longs and Billet

China’s steel bar exports total 1.63 million mt in Jan-Feb, down 6.6%

19 Mar | Steel News

Turkish official merchant bar export prices soften

15 Mar | Longs and Billet

Local Turkish merchant bar prices revised to offset currency fluctuations

13 Mar | Longs and Billet

Turkey exhausts its merchant bar import quota for UK

13 Mar | Steel News

Turkey’s Kardemir issues its merchant bar prices

12 Mar | Longs and Billet