Over the past week, local Turkish official merchant bar prices have risen by an average of TRY 95/mt ($3/mt) in the Karabuk region, while remaining unchanged in the rest of the country, against the backdrop of sluggish demand. One Iskenderun-based mill has kept its official merchant bar price at TRY 16,600/mt ($615/mt) ex-works, SteelOrbis has heard.
Most merchant bar sellers are offering for September-October delivery and only limited tonnages are available from stocks. The general sentiment as regards demand is negative and most buyers are monitoring the import scrap price trend.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,500-17,700 |
648-656 |
0 |
0 |
Karabuk Region (30-100mm) |
17,000-17,200 |
630-637 |
+95 |
+3 |
Iskenderun Region (30-100 mm) |
16,600-16,870 |
615-625 |
0 |
0 |
Izmir Region (30-100 mm) |
17,200-17,400 |
637-644 |
0 |
0 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,540-17,740 |
650-657 |
0 |
0 |
Karabuk Region (30-100mm) |
17,040-17,240 |
631-639 |
+95 |
+4 |
Iskenderun Region (30-100 mm) |
16,640-16,910 |
616-626 |
0 |
0 |
Izmir Region (30-100 mm) |
17,240-17,440 |
639-646 |
0 |
0 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
17,500-17,700 |
648-656 |
0 |
0 |
Karabuk Region (30-100 mm) |
17,000-17,200 |
630-637 |
+95 |
+3 |
Iskenderun Region (30-100 mm) |
16,600-16,870 |
615-625 |
0 |
0 |
Izmir Region (30-50 mm) |
17,200-17,400 |
637-644 |
0 |
0 |
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, September 5.
$1 = TRY 27.00
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