Demand still sluggish in local Turkish merchant bar market

Prices in the local Turkish merchant bar market have mostly remained unchanged during the past week, though some upticks of around TRY 20-30/mt have been seen for some products in some regions of the country. The upward price revisions by Turkish steel producers have mostly been due to the strengthening of the US dollar against the Turkish lira. Demand in the local Turkish market is still very weak, particularly for angles, while market sources state that volume discounts are available on current angle price levels.
 
Meanwhile, 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 1,240-1,280/mt ($449-464/mt), angles are at TRY 1,230-1,250/mt ($446-453/mt), while flat bars are at TRY 1,270-1,310/mt ($460-475/mt). All prices are ex-works, on actual weight basis and excluding VAT.
 
$1 = TRY 2.76