As SteelOrbis has heard, 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 1,200-1,260/mt ($625-656/mt), angles are at TRY 1,200-1,260/mt ($625-656/mt), while flat bars are at TRY 1,210-1,280/mt ($630-667/mt). All prices are ex-works, on actual weight basis and excluding VAT.
Also, it should be considered that some mills may give offers below these levels depending on their stocks.
Transaction activity in the local Turkish merchant bar market is sluggish again this week, while price levels have followed a sideways trend. However, market players state that they expect increases for merchant bar demand and prices levels fort he period after Ramadan as well as for all other product groups.
US$1 = TRY 1.92
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.