SteelOrbis has learned from market sources that 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 1,240-1,290/mt ($614-639/mt), angles are at TRY 1,240-1,290/mt ($614-639/mt), while flat bars are at TRY 1,250-1,300/mt ($619-643/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.
Offers in the local Turkish merchant bar market have decreased slightly amid the softening of the US dollar against the Turkish lira. Market players state that the lowest offers are given in the Karabuk region of Turkey, while it is also observed that purchasing activity in some regions is stagnant.
US$1 = TRY 2.02
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