Today, November 14, Turkish steelmaker Icdas A.S. has issued its official rebar price at TRY 23,055/mt ($610/mt) ex-works. The supplier has also issued its wire rod price at TRY 23,055/mt ($610/mt) ex-works. Both long product prices include 10 percent VAT. The mill cut its longs prices in line with the negative sentiment on the demand side earlier this week. Sources report additional discount is applicable for the serious buyers only.
Most mills in the Marmara and Izmir region are offering rebar at $600-610/mt ex-works today.
$1 = TRY 34.36
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