Over the past week, an Iskenderun-based Turkish mill has cut its official rebar price by TRY 500/mt ($12/mt) to TRY 24,500/mt ($567/mt) ex-works, for an extended delivery period, amid the ongoing currency fluctuations and sluggish demand. In addition, the producer has raised its wire rod price by $5/mt week on week to $585/mt ex-works, also for an extended delivery period. The exchange rate is taken as $1 = TRY 36.00 as the mill itself has not indicated any specific exchange rate.