SteelOrbis has been informed that earlier today, January 29, an Iskenderun-based Turkish mill raised its rebar price by TRY 200/mt ($4/mt) to TRY 24,300/mt ($566/mt) ex-works, compared to Monday, January 27, for an extended delivery period, against the backdrop of the ongoing currency fluctuations. Moreover, the mill has increased its rebar price by another TRY 200/mt ($5/mt) to TRY 24,500/mt ($570/mt) ex-works late this afternoon. In addition, the producer has kept its wire rod price stable at $570/mt ex-works, also for an extended delivery period. The exchange rate is taken as $1 = TRY 35.79 as the mill itself has not indicated any specific exchange rate.
According to sources, earlier today the workable rebar prices in the Marmara and Izmir regions vary at $545-560/mt ex-works, for serious buyers and cash payment only. However, a few mills in these regions have also closed their rebar sales late this afternoon.
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