SteelOrbis has heard that Turkish rolling mills are offering merchant bars to the local market in a price range of $890-910/mt ex-works, excluding 18 percent VAT.
Under the influence of the considerable upward movement in the Turkish billet market, merchant bar prices in the local Turkish market have increased significantly. Despite the fact that the merchant bar market in Turkey has been somewhat sluggish, the activity in the Turkish export market has been causing Turkish domestic merchant bar prices to trend up.