SteelOrbis has been informed that today, November 27, an Iskenderun-based Turkish mill has cut its rebar price by another TRY 500/mt ($12/mt) to TRY 24,000/mt ($577/mt) ex-works, compared to yesterday, for an extended delivery period. In addition, the producer has cut its wire rod price by $10/mt to $600/mt ex-works, also for an extended delivery period. The main reasons are the sluggish demand and the negative sentiment in the import scrap segment. The exchange rate is taken as $1 = TRY 34.65 as the mill itself has not indicated any specific exchange rate.