Over the past week Turkish domestic merchant bar producers have hiked their official merchant bar prices by TRY 200-375/mt ($13-19/mt) amid the ongoing currency fluctuations and costlier electricity and fuel prices. Only in the Iskenderun region is one mill still offering its equal angles at TRY 19,750-20,070/mt ($606-616/mt) ex-works, stable in the local currency, with an increase of $7/mt on US dollar basis, over the same period.
Most merchant bar sellers are offering either for late July-August delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 26,650/mt ($818/mt) for delivery to the Karabuk region. The price has remained stable in the local currency stable, with an increase of $10/mt on US dollar basis over the same period.
Most buyers are only concluding daily purchases in line with their needs for now.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,650-21,800 |
665-669 |
+375 |
+19 |
Karabuk Region (30-100mm) |
20,400-20,800 |
626-638 |
+200 |
+13 |
Iskenderun Region (30-100 mm) |
19,750-20,070 |
606-616 |
0 |
+7 |
Izmir Region (30-100 mm) |
21,150-21,300 |
649-654 |
+375 |
+19 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,690-21,840 |
666-670 |
+375 |
+19 |
Karabuk Region (30-100mm) |
20,440-20,840 |
627-640 |
+200 |
+14 |
Iskenderun Region (30-100 mm) |
19,790-20,110 |
607-617 |
0 |
+7 |
Izmir Region (30-100 mm) |
21,190-21,340 |
650-655 |
+375 |
+19 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
21,650-21,800 |
665-669 |
+375 |
+19 |
Karabuk Region (30-100 mm) |
20,400-20,800 |
626-638 |
+200 |
+13 |
Iskenderun Region (30-100 mm) |
19,750-20,070 |
606-616 |
0 |
+7 |
Izmir Region (30-50 mm) |
21,150-21,300 |
649-654 |
+375 |
+19 |
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, June 25.
$1 = TRY 32.58