Over the past week, local Turkish official merchant bar prices have decreased by TRY 75-195/mt ($5-10/mt) amid currency fluctuations and sluggish demand. One Iskenderun-based mill has decreased its merchant bar list prices by $10/mt to $725/mt ex-works over the same period.
Most merchant bar sellers are offering for February delivery and only limited tonnages are available from stocks. A few re-rollers are officially offering HEA/HEB (100-200 mm, standard) at $950-970/mt ex-works, remaining stable.
According to sources, a few merchant bar re-rollers are applying aggressive pricing strategies and giving sizeable discounts for serious buyers. Kardemir is also expected to announce its merchant bar price list tomorrow. This situation also contributes to the silence on the demand side today.
Equal Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
14,300-14,580 |
760-775 |
-85 |
-5 |
Karabuk Region (30-100mm) |
14,020-14,210 |
745-755 |
-75 |
-5 |
Iskenderun Region (30-100 mm) |
13,630-13,820 |
725-735 |
-195 |
-10 |
Izmir Region (30-100 mm) |
14,110-14,390 |
750-765 |
-85 |
-5 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
14,330-14,610 |
762-777 |
-85 |
-5 |
Karabuk Region (30-100mm) |
14,050-14,240 |
747-757 |
-75 |
-5 |
Iskenderun Region (30-100 mm) |
13,660-13,850 |
726-736 |
-195 |
-11 |
Izmir Region (30-100 mm) |
14,140-14,420 |
752-767 |
-85 |
-5 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
14,300-14,580 |
760-775 |
-85 |
-5 |
Karabuk Region (30-100 mm) |
14,020-14,210 |
745-755 |
-75 |
-5 |
Iskenderun Region (30-100 mm) |
13,630-13,820 |
725-735 |
-195 |
-10 |
Izmir Region (30-50 mm) |
14,110-14,390 |
750-765 |
-85 |
-5 |
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 Wednesday, January 18.
$1 = TRY 18.81
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