Today, September 30, Turkish steelmaker Icdas A.S. has raised its official rebar price on lira basis by TRY 400/mt to TRY 15,650/mt (715/mt) ex-works, compared to Monday, September 26, in order to offset currency fluctuations and higher production costs. The supplier has also increased its wire rod price by TRY 80/mt to TRY 15,980/mt ($730/mt) ex-works over the same period. The supplier has increased its rebar price on US dollar basis by $15/mt, while keeping its wire rod price stable on US dollar basis.
$1 = TRY 18.55