Demand in the local Turkish
merchant bar market is still very weak, while prices have been adjusted upwards by TRY 35-95/mt ($12-33/mt) due to the strengthening of the US dollar against the Turkish lira, except in the Karabuk region. Meanwhile, 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 1,230-1,380/mt ($421-473/mt), angles are at TRY 1,240-1,370/mt ($425-469/mt), while flat bars are at TRY 1,270-1,380/mt ($435-473/mt). All prices are ex-works, on actual weight basis and excluding VAT.
$1 = TRY 2.92