Today, September 13, Turkish mill Icdas has opened its wire rod sales at TRY 7,790/mt ($780/mt) ex-works, down by TRY 140/mt ($20/mt) compared to Wednesday, September 8. The producer has adjusted its wire rod prices in line with Turkish mills’ general wire rod price range which was standing at $740-785/mt ex-works at the end of last week. In addition, sentiment is negative on demand side against the backdrop of currency fluctuations and with some Turkish construction contractors having halted their construction activities until Friday, September 24,
The producer has also issued its official rebar prices at TRY 6,790/mt ($680/mt) ex-works today, up by TRY 50/mt in the local currency and stable on US dollar basis over the same period. According to sources, some tonnage is available at TRY 6,590/mt($660/mt) ex-works for serious buyers only.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.46