Over the past week, Turkish official domestic merchant bar prices have risen by TRY 250-400/mt ($6-11/mt) against the backdrop of the ongoing currency fluctuations and the positive sentiment in the import scrap and billet segments. In addition, one Iskenderun-based mill has issued its official merchant bar price at TRY 18,600/mt ($643/mt) ex-works today.
Most merchant bar sellers are offering either for December-early January delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 24,600/mt ($851/mt) ex-works for delivery in the Karabuk region. “Costlier scrap and billet prices have led to increases in merchant bar prices, while buyers are exerting pressure for further discounts,” one source commented.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
19,700-19,900 |
681-688 |
+400 |
+11 |
|
Karabuk Region (30-100mm) |
19,100-19,200 |
661-664 |
+250 |
+6 |
|
Iskenderun Region (30-100 mm) |
18,600-18,890 |
643-653 |
+355 |
+10 |
|
Izmir Region (30-100 mm) |
19,400-19,600 |
671-678 |
+400 |
+11 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
19,740-19,940 |
683-690 |
+400 |
+11 |
|
Karabuk Region (30-100mm) |
19,140-19,240 |
662-666 |
+250 |
+6 |
|
Iskenderun Region (30-100 mm) |
18,640-18,930 |
645-655 |
+355 |
+10 |
|
Izmir Region (30-100 mm) |
19,440-19,640 |
672-679 |
+400 |
+11 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
19,700-19,900 |
681-688 |
+400 |
+11 |
|
Karabuk Region (30-100 mm) |
19,100-19,200 |
661-664 |
+250 |
+6 |
|
Iskenderun Region (30-100 mm) |
18,600-18,890 |
643-653 |
+355 |
+10 |
|
Izmir Region (30-50 mm) |
19,400-19,600 |
671-678 |
+400 |
+11 |
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 21.
$1 = TRY 28.91