According to the information collected from market sources, 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 1,350-1,450/mt ($608-654/mt), angles are at TRY 1,350-1,450/mt ($608-654/mt), while flat bars are at TRY 1,400-1,470/mt ($631-663/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.
Prices in the local Turkish merchant bar market have been revised downwards on local currency basis partly due to the weakness in demand and slower market activity as well as due to the depreciation of the US dollar against the Turkish lira after the intervention of the Turkish Central Bank with the imposition of higher interest rates.
$1 = TRY 2.219