Turkey’s Icdas cuts longs prices sharply in local currency

Friday, 11 June 2021 16:00:58 (GMT+3)   |   Istanbul

Today, June 11, Turkish steel producer Icdas has decreased its local rebar price in the local currency by TRY 160/mt  to TRY 7,140/mt ex-works to offset the currency fluctuations.

The producer has also issued its wire rod price today at TRY 8,130/mt ex-works, down by TRY 180/mt on the same day. The producer’s rebar and wire rod prices in US dollars have remained unchanged at $720/mt ex-works and $820/mt ex-works, respectively.

Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.

$1 = TRY 8.40

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