SteelOrbis has been informed that today, October 24, an Iskenderun-based Turkish mill has kept its official mesh grade wire rod price at TRY 16,350/mt ($582/mt) ex-works, excluding VAT, stable in the local currency, while down by $4/mt on US dollar basis, compared to Monday, October 16, against the ongoing currency fluctuations and sluggish demand. The mill has issued its rebar price at TRY 18,800/mt ($558/mt), down by TRY 200/mt ($10/mt) over the same period. The exchange rate is taken as $1 = TRY 28.10 as the mill itself has not indicated any specific exchange rate.
$1 = TRY 28.10