Today, October 20, Turkish mill Icdas has raised its official rebar price by TRY 90/mt to TRY 8,210/mt ($740/mt) ex-works compared to the beginning of the week against the backdrop of currency fluctuations. The exchange rate was at $1 = TRY 9.30 on Monday, October 18.
The supplier has also issued its official wire rod price at TRY 9,430/mt ($850/mt) ex-works today, up by TRY 100/mt. It has kept its longs prices on US dollar basis stable over the same period.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 9.40