SteelOrbis has been informed that the prices for local production medium size rebar in the Syrian market are currently at SYP 26,000/mt ($565/mt) ex-warehouse on actual weight basis, excluding VAT, for payments deferred on a weekly basis. In the Syrian domestic rebar market prices are increasing under the influence of the uptrend in import rebars.
On the other hand, the price levels for imported angles and flat bars in the Syrian domestic market are currently at the level of SYP 28,000-29,000/mt ($608-630/mt) ex-warehouse on actual weight basis, excluding VAT, with weekly deferred payment. The price levels have remained unchanged compared to last week. Meanwhile, the price levels for imported IPN/UPN are currently at the level of SYP 30,000/mt ($651/mt) ex-warehouse on actual weight basis, excluding VAT and also with weekly deferred payment. Some improvement in merchant bar demand is being observed in this country.
US$1 = SYP 46.05