Over the past week, Turkish merchant bar producers have cut their official domestic merchant bar prices by TRY 150-450/mt ($6-15/mt), against the backdrop of weaker import scrap prices and sluggish demand. In the Iskenderun region, one mill is offering its equal angles at TRY 21,800/mt ($635/mt) ex-works today, November 5.
Most merchant bar sellers are offering either for deliveries in late November and December or from stocks, depending on the size. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 28,050/mt ($817/mt) ex-works, for delivery to the Osmaniye region, stable in the local currency with minor changes on US dollar basis.
Angle Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
23,350-23,500 |
680-684 |
-200 |
-8 |
Karabuk Region (30-100mm) |
22,500-23,000 |
655-670 |
-150 |
-6 |
Iskenderun Region (30-100 mm) |
21,800 |
635 |
-450 |
-15 |
Izmir Region (30-100 mm) |
22,850-23,000 |
665-670 |
-200 |
-8 |
Flat Bar Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
23,390-23,540 |
681-685 |
-200 |
-8 |
Karabuk Region (30-100mm) |
22,540-23,040 |
656-671 |
-150 |
-7 |
Iskenderun Region (30-100 mm) |
21,840 |
636 |
-450 |
-15 |
Izmir Region (30-100 mm) |
22,890-23,040 |
666-671 |
-200 |
-8 |
NPI-NPU Prices:
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
Denizli Region (30-100 mm) |
23,350-23,500 |
680-684 |
-200 |
-8 |
Karabuk Region (30-100 mm) |
22,500-23,000 |
655-670 |
-150 |
-6 |
Iskenderun Region (30-100 mm) |
21,800 |
635 |
-450 |
-15 |
Izmir Region (30-50 mm) |
22,850-23,000 |
665-670 |
-200 |
-8 |
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 Thursday, October 31.
$1 = TRY 34.35