Slight softening in Syrian domestic merchant bar prices

SteelOrbis has been informed that the price levels for imported angles and flat and square bars in the Syrian domestic market are at SYP 24,500-25,000/mt ($532-543/mt) ex-warehouse on actual weight basis, excluding VAT, with weekly deferred payment. In the Syrian domestic merchant bar market imported merchant bar prices have this week shown a decrease of SYP 500-1,000/mt ($11-22/mt). The main reason behind this decrease is the softening seen in import material prices as well as the demand shortage.