Over the past two weeks, Turkish official domestic merchant bar prices have increased by TRY 950-1,100/mt ($27-32/mt) amid ongoing currency fluctuations and costlier import scrap and billet. In addition, one Iskenderun-based mill issued its official merchant bar price at TRY 18,250/mt ($634/mt) ex-works yesterday and has closed its merchant bar sales today.
Most merchant bar sellers are offering either for December delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 24,400/mt ($847/mt) ex-works for delivery in the Karabuk region. "Limited billet availability is one of the main challenges for the merchant bar segment these days," one source mentioned. Most buyers are monitoring the import scrap price trend ahead of the Turkish Central Bank's interest rate decision due on Thursday, November 23.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
19,300-19,500 |
670-677 |
+1,100 |
+32 |
|
Karabuk Region (30-100mm) |
18,800-19,000 |
653-660 |
+950 |
+27 |
|
Iskenderun Region (30-100 mm) |
18,250-18,530 |
634-643 |
+1,000 |
+29 |
|
Izmir Region (30-100 mm) |
19,000-19,200 |
660-667 |
+1,100 |
+32 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
19,340-19,540 |
672-678 |
+1,100 |
+31 |
|
Karabuk Region (30-100mm) |
18,840-19,040 |
654-661 |
+950 |
+27 |
|
Iskenderun Region (30-100 mm) |
18,290-18,570 |
635-645 |
+1,000 |
+29 |
|
Izmir Region (30-100 mm) |
19,040-19,240 |
661-668 |
+1,100 |
+32 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
19,300-19,500 |
670-677 |
+1,100 |
+32 |
|
Karabuk Region (30-100 mm) |
18,800-19,000 |
653-660 |
+950 |
+27 |
|
Iskenderun Region (30-100 mm) |
18,250-18,530 |
634-643 |
+1,000 |
+29 |
|
Izmir Region (30-50 mm) |
19,000-19,200 |
660-667 |
+1,100 |
+32 |
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 Wednesday, November 8.
$1 = TRY 28.80