Over the past week, Turkish official domestic merchant bar prices have mostly softened by TRY 50-60/mt ($4/mt), while remaining unchanged in the local currency in the Iskenderun region, with minor changes on US dollar basis, against the backdrop of the ongoing currency fluctuations and relatively sluggish demand. In addition, one Iskenderun-based mill has today issued its official merchant bar price at TRY 19,100/mt ($658/mt) ex-works, though the deferred payment terms have been revised, SteelOrbis has heard.
Most merchant bar sellers are offering either for January-February delivery or from stocks. A few re-rollers are also offering their HEA/HEB (550-700 mm, standard) at TRY 24,800/mt ($854/mt) ex-works for delivery to the Karabuk region, remaining unchanged in the local currency while down by $3/mt on US dollar basis over the past week. Most local buyers are not in a rush to restock material due to the adverse weather conditions and the unclear financial situation in the country.
Equal Angle Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
20,300-20,600 |
699-709 |
-50 |
-4 |
|
Karabuk Region (30-100mm) |
19,500-19,900 |
671-685 |
-60 |
-4 |
|
Iskenderun Region (30-100 mm) |
19,100-19,390 |
658-668 |
0 |
-2 |
|
Izmir Region (30-100 mm) |
20,000-20,300 |
689-699 |
-50 |
-4 |
Flat Bar Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
20,340-20,640 |
700-711 |
-50 |
-4 |
|
Karabuk Region (30-100mm) |
19,540-19,940 |
673-687 |
-60 |
-4 |
|
Iskenderun Region (30-100 mm) |
19,140-19,430 |
659-669 |
0 |
-2 |
|
Izmir Region (30-100 mm) |
20,040-20,340 |
690-700 |
-50 |
-4 |
NPI-NPU Prices:
|
Region |
Prices (TRY/mt) |
Prices ($/mt) |
Price change (TRY/mt) |
Price change ($/mt) |
|
Denizli Region (30-100 mm) |
20,300-20,600 |
699-709 |
-50 |
-4 |
|
Karabuk Region (30-100 mm) |
19,500-19,900 |
671-685 |
-60 |
-4 |
|
Iskenderun Region (30-100 mm) |
19,100-19,390 |
658-668 |
0 |
-2 |
|
Izmir Region (30-50 mm) |
20,000-20,300 |
689-699 |
-50 |
-4 |
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, December 5.
$1 = TRY 29.04