Turkish steelmaker Icdas A.S. has revised its longs prices as compared to two weeks ago amid the ongoing currency fluctuations and sluggish demand. The mill has cut its official rebar price on lira basis by TRY 265/mt to TRY 16,930/mt ($570/mt) ex-works. The supplier has also reduced its wire rod price by TRY 265/mt to TRY 17,225/mt ($580/mt) ex-works. Both long product prices include 10 percent VAT and indicate a $10/mt decrease on US dollar basis.
$1 = TRY 27.00