SteelOrbis has been informed that today, June 10, an Iskenderun-based Turkish mill has increased its rebar price by TRY 250/mt ($2/mt) to TRY 23,750/mt ($610/mt) ex-works for extended delivery, as compared to Friday, May 31, amid the ongoing currency fluctuations and relatively positive sentiment in the import scrap segment. In addition, the mill has also hiked its wire rod price for extended delivery by $5/mt to $610/mt ex-works today. The exchange rate is taken as $1 = TRY 32.46 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 32.46
.jpeg)