Today, November 3, Turkish mill Icdas has increased its rebar price by TRY 80/mt to TRY 8,540/mt ($750/mt) ex-works, amid currency fluctuations, compared to Monday, November 1. The exchange rate was at $1 = TRY 9.56 at the beginning of this week.
The supplier has also issued its official wire rod price at TRY 9,680/mt ($850/mt) ex-works today, up by TRY 90/mt over the same period. The mill has kept its longs prices stable on US dollar basis.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 9.65