SteelOrbis has been informed that today, January 2, an Iskenderun-based Turkish mill has cut its rebar price by TRY 600/mt ($17/mt) to TRY 24,000/mt ($566/mt) ex-works compared to Friday, December 20, amid the ongoing currency fluctuations and sluggish demand, for an extended delivery period. In addition, the producer has also cut its wire rod price by $20/mt to $580/mt ex-works, also for an extended delivery period. The exchange rate is taken as $1 = TRY 35.34 as the mill itself has not indicated any specific exchange rate.