Over the past two weeks, Turkish merchant bar producers have decreased their official domestic merchant bar prices by TRY 500-800/mt ($17-26/mt), amid the ongoing currency fluctuations and sluggish demand. In the Iskenderun region, one mill is offering its equal angles at TRY 21,000/mt ($609/mt) ex-works. This price indicates a TRY 300/mt ($9/mt) decrease from the previous day, at an exchange rate of $1 = TRY 34.47, while the mill's merchant bar price indicates a drop of TRY 800/mt ($26/mt) over the past two weeks.
Most merchant bar sellers are offering either for deliveries in December or from stocks, depending on the size. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 27,500/mt ($798/mt) ex-works, for delivery to the Osmaniye region, stable in the local currency with minor changes on US dollar basis compared to the previous day, while down by TRY 550/mt ($19/mt) over the past two weeks.
Most local buyers are refraining from new purchases ahead of the Turkish Central Bank’s interest rate decision due tomorrow.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
22,850-23,000 |
663-667 |
-500 |
-17 |
Karabuk Region (30-100mm) |
21,700-22,200 |
630-644 |
-800 |
-26 |
Iskenderun Region (30-100 mm) |
21,000 |
609 |
-800 |
-26 |
Izmir Region (30-100 mm) |
22,350-22,500 |
648-653 |
-500 |
-17 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
22,890-23,040 |
664-668 |
-500 |
-17 |
Karabuk Region (30-100mm) |
21,740-22,240 |
631-645 |
-800 |
-26 |
Iskenderun Region (30-100 mm) |
21,040 |
610 |
-800 |
-26 |
Izmir Region (30-100 mm) |
22,390-22,540 |
650-654 |
-500 |
-17 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
22,850-23,000 |
663-667 |
-500 |
-17 |
Karabuk Region (30-100 mm) |
21,700-22,200 |
630-644 |
-800 |
-26 |
Iskenderun Region (30-100 mm) |
21,000 |
609 |
-800 |
-26 |
Izmir Region (30-50 mm) |
22,350-22,500 |
648-653 |
-500 |
-17 |
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, November 5.
$1 = TRY 34.47