Today, July 1, Turkish steelmaker Icdas A.S. has increased its official rebar price on lira basis by TRY 245/mt to TRY 13,240/mt ($660/mt) ex-works, amid livelier demand, the positive sentiment in the rebar export segment, and currency fluctuations. The supplier has raised its wire rod price by TRY 240/mt to TRY 13,240/mt ($670/mt) ex-works. Both prices on US dollar basis indicate a $10/mt increase.
$1 = TRY 16.75