SteelOrbis has learned that prices in the local Turkish merchant bar market have remained unchanged as compared to last week. Efforts have been made to increase market prices, but these have been unsuccessful due to ongoing slackness of demand.
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 1,246-1,300/mt ($688-718/mt), angles are at TRY 1,246-1,300/mt ($688-718/mt), while flat bars and square bars are at TRY 1,290-1,320/mt ($713-729/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.
US$1 = TRY 1.81