While the Turkish steel market has gained some dynamism on the back of steel mills' new scrap purchases and the rising trend of rebar prices, this situation have not influenced merchant bar prices in the domestic market. This week in the local Turkish market, merchant bar prices have been revised downward, depending on regions, and buyers have continued to conclude deals in line with their needs.
As SteelOrbis has been informed, in the local Turkish market merchant bar prices depending on size, thickness and region are at the following levels: small IPN-UPN are priced at TRY 1,216-1,260/mt ($676-700/mt), angles are at TRY 1,210-1,260/mt ($672-700/mt), while flat bars and square bars are at TRY 1,245-1,290/mt ($692-717/mt). All prices are ex-works, on actual weight basis and excluding VAT.
Also, it should be considered that some mills may give offers below these levels depending on their stocks.
$1 = TRY 1.80