SteelOrbis has learned from market sources that although prices in the Syrian domestic long steel market have remained unchanged as compared to last week, demand has shown a further revival. SteelOrbis has been informed that, in the Syrian
longs market, prices of imported angles are at SYP 36,500-37,000/mt ($783-794/mt) ex-warehouse, imported IPN/UPN prices are at SYP 36,500-37,000/mt ($783-794/mt) ex-warehouse, while flat and square bar prices are at the level of SYP 33,000-34,000/mt ($708-730/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 stand at SYP 30,000-32,000/mt ($644-687/mt) ex-works, on actual weight basis, excluding VAT, and for cash payment.
US$1 = SYP 46.6