Turkey’s Icdas raises longs prices to offset currency fluctuations

Today, April 11, Turkish steelmaker Icdas A.S. has increased its official rebar price on lira basis by TRY 25/mt to TRY 16,785/mt ($965/mt) ex-works to offset currency fluctuations over the past week. The supplier has also raised its wire rod price by TRY 25/mt to TRY 18,265/mt ($1,050/mt) ex-works. The producer has kept its long prices stable on US dollar basis.

$1 = TRY 14.74