Merchant bar prices in Syrian domestic market

SteelOrbis has been informed that the price levels for imported angles and flat bars in the Syrian domestic market are at SYP 25,000-26,000/mt ($543-565/mt) ex-warehouse on actual weight basis, excluding VAT, with weekly deferred payment. Meanwhile, IPN-UPN prices in the same market are at SYP 27,000/mt ($586/mt) also ex-warehouse on actual weight basis, excluding VAT, with weekly deferred payment. Some softenings have this week been observed in the Syrian domestic market following the stability seen in recent weeks. Demand is still at low levels in this country.