SteelOrbis has been informed that today, July 24, an Iskenderun-based Turkish mill issued its official mesh grade wire rod price at TRY 15,660/mt ($580/mt), ex-works, excluding VAT, amid the negative sentiment in the import scrap segment and currency fluctuations. The mill has issued its rebar price at TRY 18,300/mt ($565/mt) ex-works today. The exchange rate is taken as $1 = TRY 26.96 as the mill itself has not indicated any specific exchange rate. The producer's wire rod and rebar prices have fallen by TRY 340/mt and TRY 200/mt, while falling by $13/mt and $7/mt on US dollar basis, respectively, compared to Tuesday, July 18.
$1 = TRY 26.96