An Iskenderun-based Turkish mill has issued its official rebar price at TRY 27,500/mt ($555/mt) ex-works today, September 15, for an extended delivery period. The mill's rebar price indicates a TRY 150/mt ($1/mt) rise compared to Friday, August 29. The main reason is the ongoing depreciation of Turkish lira against US dollar.
The producer has kept its 6.5 mm SAE 1008 grade wire rod price stable at $560/mt ex-works, also for an extended delivery period.
The exchange rate is taken as $1 = TRY 41.29 as the mill itself has not indicated any specific exchange rate.
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