SteelOrbis has been informed that today, May 31, an Iskenderun-based Turkish mill has cut its rebar price by TRY 200/mt ($5/mt) to TRY 23,500/mt ($608/mt) ex-works, as compared to Thursday, May 23, against the backdrop of the ongoing currency fluctuations and sluggish demand. In addition, the mill has also decreased its wire rod price by $5/mt to $605/mt ex-works today. The exchange rate is taken as $1 = TRY 32.20 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 32.20
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