Local
merchant bar prices in
Turkey have softened slightly as compared to last week due to the weakness of scrap import prices and the availability of low-priced imported billet in the domestic market. Market sources state that the local Turkish
merchant bar market is still characterized by slack demand.
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 1,210-1,300/mt ($517-556/mt), angles are at TRY 1,210-1,300/mt ($517-556/mt), while flat bars are at TRY 1,250-1,340/mt ($534-573/mt). All prices are ex-works, on actual weight basis and excluding VAT.
$1 = TRY 2.34