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