Today, March 20, Turkish steelmaker Icdas A.S. has issued its official rebar price at TRY 24,870/mt ($595/mt) ex-works. The supplier has also issued its wire rod price at TRY 25,080/mt ($600/mt) ex-works. Both prices include 10 percent VAT. Both rebar and wire rod prices indicate a $10/mt increase compared to Tuesday, March 11 against the backdrop of the ongoing currency fluctuations and the positive sentiment in the import scrap segment.
The workable rebar price in the Marmara and Izmir region varies at $575-595/mt ex-works so far.
$1 = TRY 38.00