Today, April 15, Turkish steelmaker Icdas A.S. has cut its official rebar price in the local currency by TRY 115/mt to TRY 16,670/mt ($965/mt) ex-works compared to Monday, April 11. The supplier has also decreased its wire rod price by TRY 125/mt to TRY 18,140/mt ($1,050/mt) ex-works. The producer has kept its dollar-based longs prices stable over the same period. The mill is expected to revise its dollar-based longs prices by early next week due to the negative sentiment in the import scrap segment.
$1 = TRY 14.64