After the sharp depreciation of the Turkish lira against the US dollar yesterday, March 13, Turkish producer Icdas closed its domestic rebar sales which it had been concluding at the price levels announced on March 5.
Today, SteelOrbis has been informed that Icdas has opened its domestic rebar sales again with 12-32 mm rebar prices in Turkey's Marmara region at TRY 2,364/mt ($613/mt) + VAT ex-works, while its rebar prices in Biga, Canakkale in northwestern Turkey are at TRY 2,339/mt ($606/mt) + VAT ex-works.
The mill’s list prices have moved up by TRY 25/mt + VAT as compared to its previous price list issued on March 5, while due to currency fluctuations prices have increased by around $1/mt on US dollar basis.
$1 = TRY 3.86