Today, Tuesday, August 31, Turkish steel producer has cut its wire rod price by TRY 245/mt ($10/mt) to TRY 7,855/mt ($800/mt) ex-works compared to Monday, August 23. The producer has decreased its wire rod prices due to the negative sentiment on the demand side and the silence in the import scrap segment.
The producer has also issued its official rebar price at TRY 6,680/mt ($680/mt) ex-works, while keeping it unchanged on US dollar basis over the same period.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.32