SteelOrbis has heard that demand has revived a bit in the local Syrian long steel market. In the Syrian longs market the prices of imported angle are at SYP 29,500-30.000/mt ($630-641/mt) ex-warehouse, imported IPN/UPN prices are at SYP 32,000/mt ($684/mt) ex-warehouse, while local flat and square bar prices are at the level of SYP 29,500-30,000/mt ($630-641/mt) ex-works. All prices are on actual weight basis, for weekly deferred payment and excluding VAT.
On the other hand, local mills' rebar prices in the Syrian market are currently at SYP 27,000/mt ($577/mt) ex-works, on actual weight basis, excluding VAT, and for cash payment.
US$1 = SYP 46.80