While merchant bar demand has remained slack in the Turkish domestic market, market players have continued to conclude deals in line with their needs.
As SteelOrbis has been informed, 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 1,236-1,285/mt ($679-706/mt), angles are at TRY 1,210-1,285/mt ($665-706/mt), while flat bars and square bars are at TRY 1,245-1,300/mt ($684-714/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.
$1 = TRY 1.82