Today, November 8, Turkish mill Icdas has cut its rebar price by TRY 60/mt to TRY 8,570/mt ($750/mt) ex-works, against the backdrop of currency fluctuations. The exchange rate was at $1 = TRY 9.75 by the end of last week.
The supplier has also issued its official wire rod price at TRY 9,720/mt ($850/mt) ex-works today, down by TRY 60/mt from the end of last week. The supplier has kept its official dollar-based longs prices stable since late October.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 9.69