Turkish merchant bar re-rollers revise prices to offset currency fluctuations

Thursday, 11 March 2021 18:02:12 (GMT+3)   |   Istanbul
       

Turkish domestic merchant bar list prices have risen by TRY 150-325/mt ($10-34/mt) amid the trend in the import scrap segment and currency fluctuations. A merchant bar re-roller in the Iskenderun region has stopped quoting on lira basis due to the rapid currency fluctuations and has started offering US dollar prices for now.

Most Turkish mills are currently offering HEA/HEB (100-200 mm, standard) at around $800-825/mt ex-works, except Kardemir A.S. Most re-rollers are mainly offering for May delivery, while a few re-rollers are continuing to offer limited tonnages from their stocks. “Sizes up to 160 mm are easier to find from stocks, while sizes in the range of 180-300mm requires longer delivery terms over one month,” one source mentioned.

Equal Angle Prices:  

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

5,400-5,450

724-731

+150

+10

Karabuk Region (30-100mm)

5,200-5,300

697-710

+325

+34

Iskenderun Region (30-100 mm)

N/A

684-685

N/A

+31

Izmir Region (30-100 mm)

5,350-5,400

717-724

+150

+10

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

5,430-5,480

728-735

+150

+10

Karabuk Region (30-100mm)

5,230-5,330

701-714

+325

+34

Iskenderun Region (30-100 mm)

N/A

688-689

N/A

+30

Izmir Region (30-100 mm)

5,380-5,430

721-728

+150

+10

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

5,400-5,450

724-731

+150

+10

Karabuk Region (30-100 mm)

5,200-5,300

697-710

+325

+34

Iskenderun Region (30-100 mm)

N/A

684-685

N/A

+31

Izmir Region (30-50 mm)

5,350-5,400

717-724

+150

+10

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 Friday, February 26. 

$1 = TRY 7.46


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