Today, July 27, Turkish steelmaker Icdas A.S. has cut its official rebar price on lira basis by TRY 385/mt to TRY 13,535/mt (640/mt) ex-works amid the depreciation of the Turkish lira against the US dollar and the negative sentiment in the import scrap segment. The supplier has also decreased its wire rod price by TRY 380/mt to TRY 14,380/mt ($680/mt) ex-works. On US dollar basis, both product prices indicate a $20/mt decrease.
$1 = TRY 17.92