Today, March 9, Turkish steelmaker Icdas A.S. has raised its official rebar price by TRY 520/mt ($20/mt) to TRY 16,260/mt ($940/mt) ex-works amid the positive sentiment in the import scrap and billet segments and currency fluctuations. The supplier has also hiked its wire rod price by TRY 705/mt ($30/mt) to TRY 17,645/mt ($1,020/mt) ex-works.
$1 = TRY 14.66