Turkish official domestic merchant bar prices have increased by TRY 550-930/mt, mostly falling by $11-13/mt on US dollar basis amid the ongoing depreciation of the Turkish lira against the US dollar and given the unclear financial situation in the country. One Iskenderun-based mill has issued its official merchant bar price at TRY 14,500/mt ($671/mt) ex-works, up TRY 550/mt over the past week, while falling by $11/mt on US dollar basis.
Most merchant bar sellers are offering for June delivery and only limited tonnages are available from stocks. A few re-rollers have increased their HEA/HEB (100-200 mm, standard) prices by TRY 500/mt in the local currency at TRY 18,000/mt, excluding VAT, ($833/mt) ex-works, falling by $23/mt over the same period.
Most local buyers are monitoring the import scrap and billet price trends and are taking their time before concluding new purchases.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
15,760-16,090 |
730-745 |
+585 |
-13 |
|
Karabuk Region (30-100mm) |
15,300-15,400 |
708-713 |
+930 |
+6 |
|
Iskenderun Region (30-100 mm) |
14,500-14,700 |
671-681 |
+550 |
-11 |
|
Izmir Region (30-100 mm) |
15,550-15,870 |
720-735 |
+570 |
-13 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
15,800-16,130 |
731-747 |
+585 |
-13 |
|
Karabuk Region (30-100mm) |
15,340-15,440 |
710-715 |
+930 |
+5 |
|
Iskenderun Region (30-100 mm) |
14,540-14,740 |
673-682 |
+550 |
-11 |
|
Izmir Region (30-100 mm) |
15,590-15,910 |
722-737 |
+570 |
-13 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
15,760-16,090 |
730-745 |
+585 |
-13 |
|
Karabuk Region (30-100 mm) |
15,300-15,400 |
708-713 |
+930 |
+6 |
|
Iskenderun Region (30-100 mm) |
14,500-14,700 |
671-681 |
+550 |
-11 |
|
Izmir Region (30-50 mm) |
15,550-15,870 |
720-735 |
+570 |
-13 |
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, May 30.
$1 = TRY 21.60