Turkish domestic merchant bar prices increase sharply

Tuesday, 15 October 2024 16:33:49 (GMT+3)   |   Istanbul

Over the past week, Turkish merchant bar producers have increased their official domestic merchant bar prices by TRY 300-700/mt ($9-20/mt) amid the ongoing currency fluctuations and the higher import prices. In the Iskenderun region, one mill is offering its equal angles at TRY 22,200/mt ($648/mt) ex-works today, October 15.

Most merchant bar sellers are offering either for deliveries in November 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 ($819/mt) ex-works, for delivery to the Osmaniye region.

Angle Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

23,850-24,000

696-700

+300

+9

Karabuk Region (30-100mm)

23,000-23,400

671-683

+500

+14

Iskenderun Region (30-100 mm)

22,200

648

+700

+20

Izmir Region (30-100 mm)

23,350-23,500

681-686

+300

+9

Flat Bar Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

23,890-24,040

697-701

+300

+8

Karabuk Region (30-100mm)

23,040-23,440

672-684

+500

+14

Iskenderun Region (30-100 mm)

22,240

649

+700

+20

Izmir Region (30-100 mm)

23,390-23,540

683-687

+300

+9

NPI-NPU Prices:

Region

Prices (TRY/mt)

Prices ($/mt)

Price change (TRY/mt)

Price change ($/mt)

Denizli Region (30-100 mm)

23,850-24,000

696-700

+300

+9

Karabuk Region (30-100 mm)

23,000-23,400

671-683

+500

+14

Iskenderun Region (30-100 mm)

22,200

648

+700

+20

Izmir Region (30-50 mm)

23,350-23,500

681-686

+300

+9

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, October 8.

$1 = TRY 34.27


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