Today, Wednesday, August 18, Turkish steel producer Icdas has decreased its rebar price by TRY 190/mt ($15/mt) to TRY 6,720/mt ($675/mt) ex-works as compared to Monday, August 16, amid currency fluctuations and its aggressive pricing policy aimed at generating sales due to the negative mood on the demand side.
The producer has also issued its wire rod price today at TRY 8,115/mt ($815/mt) ex-works, up by $5/mt and stable on lira basis over the same period, amid currency fluctuations. The producer has increased its wire rod prices on US dollar basis due to the relatively better demand in the wire rod segment.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.44