Demand still very sluggish in local Turkish merchant bar market

Prices in the local Turkish merchant bar market have mostly remained unchanged, except for angle quotations which have declined by around $40/mt during the past week. Demand in the local Turkish merchant bar market is still very weak, particularly for angles, while market sources state that additional discounts on current angle price levels are available.
 
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 1,230-1,270/mt ($466-481/mt), angles are at TRY 1,210-1,250/mt ($458-473/mt), while flat bars are at TRY 1,240-1,280/mt ($470-485/mt). All prices are ex-works, on actual weight basis and excluding VAT.
 
$1 = TRY 2.64