Today, October 5, Turkish steelmaker Icdas A.S. has increased its official rebar price on lira basis by TRY 25/mt to TRY 15,675/mt (715/mt) ex-works, compared to Friday, September 30, amid currency fluctuations and higher production costs. The supplier has also raised its wire rod price by TRY 245/mt to TRY 16,225/mt ($740/mt) ex-works over the same period. On US dollar basis, the producer’s rebar price has remained unchanged, while its wire rod price has risen by $10/mt over the same period.
$1 = TRY 18.58