An Iskenderun-based Turkish mill has kept its official rebar price at TRY 24,750/mt ($566/mt) ex-works today, February 26, for an extended delivery period, unchanged from the previous day. In addition, the producer has kept its wire rod price stable at $575/mt ex-works, also for an extended delivery period. The exchange rate is taken as $1 = TRY 36.44 as the mill itself has not indicated any specific exchange rate.
The mill had raised its rebar price by TRY 250/mt ($6/mt) yesterday, compared to Monday, February 24, amid the ongoing currency fluctuations and the relatively positive sentiment in the import scrap segment.