Turkey’s Icdas cuts its longs prices sharply

Monday, 23 January 2023 14:35:45 (GMT+3)   |   Istanbul

Turkish steelmaker Icdas A.S. has cut its official rebar price on lira basis by TRY 420/mt to TRY 15,760/mt ($710/mt) ex-works, amid the negative sentiment in the import scrap segment and currency fluctuations, as compared to Thursday, January 5. The supplier has also decreased its wire rod price by TRY 420/mt to TRY 16,200/mt ($730/mt) ex-works over the same period. On US dollar basis, both product prices indicate a $20/mt decrease. 

$1 = TRY 18.81

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