Today, October 1, Turkish mill Icdas has decreased its official rebar price by TRY 20/mt to TRY 7,000/mt ($670/mt) ex-works to offset the currency fluctuations seen since the beginning of this week.
The supplier has also issued its official wire rod price at TRY 8,040/mt ($770/mt) ex-works ex-works today, down by TRY 25/mt over the same period. The producer has kept its official longs prices stable for two weeks in a row.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.85