Over the past week, local Turkish official merchant bar producers have cut their merchant bar prices by TRY 50-300/mt ($1-9/mt) amid currency fluctuations and sluggish demand. Moreover, one Iskenderun-based mill is offering its equal angles at TRY 19,300-19,620/mt ($600-610/mt) ex-works.
Most merchant bar sellers are offering either for June-early July delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 26,400/mt ($820/mt), falling by TRY 100/mt ($3/mt), for delivery to the Karabuk region.
Most local buyers are purchasing only in line with their daily needs and are monitoring the import scrap price trend.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,150-21,450 |
657-666 |
-50 |
-2 |
Karabuk Region (30-100mm) |
20,100-20,200 |
624-628 |
-50 |
-2 |
Iskenderun Region (30-100 mm) |
19,300-19,620 |
600-610 |
-300 |
-9 |
Izmir Region (30-100 mm) |
20,650-20,950 |
642-651 |
-50 |
-1 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,240-21,540 |
658-668 |
-50 |
-2 |
Karabuk Region (30-100mm) |
20,140-20,340 |
626-629 |
-50 |
-2 |
Iskenderun Region (30-100 mm) |
19,640-19,960 |
601-611 |
-300 |
-9 |
Izmir Region (30-100 mm) |
20,740-21,040 |
643-652 |
-50 |
-2 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,200-21,500 |
657-666 |
-50 |
-2 |
Karabuk Region (30-100 mm) |
20,100-20,300 |
624-628 |
-50 |
-2 |
Iskenderun Region (30-100 mm) |
19,600-19,920 |
600-610 |
-300 |
-9 |
Izmir Region (30-50 mm) |
20,700-21,000 |
642-651 |
-50 |
-1 |
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, May 21.
$1 = TRY 32.19
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