Today, March 2, Turkish steelmaker Icdas A.S. has increased its official rebar price by TRY 825/mt ($40/mt) to TRY 13,475/mt ($810/mt) ex-works against the backdrop of the positive sentiment in the import scrap and billet segments and the ongoing currency fluctuations. The supplier has also increased its wire rod price by TRY 680/mt ($30/mt) to TRY 14,640/mt ($880/mt) ex-works.
$1 = TRY 14.06