Turkish domestic merchant bar prices trend down

Tuesday, 28 June 2022 17:27:19 (GMT+3)   |   Istanbul
       

As of today, June 28, Turkish domestic merchant bar prices have decreased by TRY 720-1,765 ($13-77/mt) over the past week. The exchange rate was at $1 = TRY 17.35 on Tuesday, June 21. The main reasons are the negative sentiment in the import scrap and billet segments and rapid currency fluctuations.

Most merchant bar buyers are offering for late July-August delivery and only limited tonnages are available from stocks. Sources report that official HEA/HEB (100-200 mm, standard) prices have also fallen, by $20/mt on the lower end to $1,050-1,080/mt ex-works.

Equal Angle Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

11,950-12,450

717-747

-720

-13

Karabuk Region (30-100mm)

11,170-11,330

670-680

-940

-27

Iskenderun Region (30-100 mm)

10,330

620

-1,765

-77

Izmir Region (30-100 mm)

11,750-12,250

705-735

-732.5

-14

Flat Bar Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

11,980-12,480

719-749

-720

-12

Karabuk Region (30-100mm)

11,200-11,360

672-682

-940

-27

Iskenderun Region (30-100 mm)

10,360

622

-1,765

-77

Izmir Region (30-100 mm)

11,780-12,280

707-737

-732.5

-13

NPI-NPU Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

11,950-12,450

717-747

-720

-13

Karabuk Region (30-100 mm)

11,170-11,330

670-680

-940

-27

Iskenderun Region (30-100 mm)

10,330

620

-1,765

-77

Izmir Region (30-50 mm)

11,750-12,250

705-735

-732.5

-14

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, June 21.

$1 = TRY 16.66


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