Today, June 17, Turkish steel producer Icdas has raised its local rebar price by TRY 80/mt to TRY 7,440/mt ($730/mt) ex-works to offset currency fluctuations. The producer has also issued its wire rod price today at TRY 8,460/mt ($830/mt) ex-works, up by TRY 100/mt. The producer has kept its longs prices stable on US dollar basis.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.64