Weak demand in local Turkish merchant bar market

Thursday, 16 May 2019 15:59:40 (GMT+3)   |   Istanbul
       

Turkish mills’ domestic merchant bar offers have moved down by TRY 30-80/mt over the past two weeks to TRY 3,050-3,280/mt ($507-546/mt) ex-works, excluding 18 percent VAT. The sluggishness in the Turkish construction sector, political uncertainties, economic problems and Ramadan continue to have an impact on the local Turkish merchant bar market. Additionally, SteelOrbis has been informed that offers lower than the above price range are heard for large tonnages in the local Turkish merchant bar market. It is also heard that sellers are trying to overcome these problems by providing flexible payment terms to trusted regular customers.

Equal Angle Prices:   

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,230-3,280

537-546

↓80

Karabuk Region (30-100mm)

3,140-3,150

522-524

↓30

Iskenderun Region (30-100 mm)

3,050-3,060

507-509

0

Izmir Region (30-100 mm)

3,200-3,250

532-541

↓80

 

Flat Bar Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,260-3,310

542-551

↓80

Karabuk Region (30-100mm)

3,170-3,180

527-529

↓30

Iskenderun Region (30-100 mm)

3,080-3,090

512-514

0

Izmir Region (30-100 mm)

3,230-3,280

537-546

↓80

 

NPI-NPU Prices: 

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Denizli Region (30-100 mm)

3,230-3,280

537-546

↓80

Karabuk Region (30-100 mm)

3,140-3,150

522-524

↓30

Iskenderun Region (30-100 mm)

3,050-3,060

507-509

0

Izmir Region (30-50 mm)

3,200-3,250

532-541

↓80

 

The above prices exclude 18 percent VAT and are on ex-works basis.

$1 = TRY 6.01

 


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