Today, July 26, Turkish steel producer Icdas has raised its local rebar price by TRY 60/mt to TRY 7,420/mt ($730/mt) ex-works amid currency fluctuations compared to Friday, July 16. The producer has also issued its wire rod price today at TRY 8,430/mt ($830/mt) ex-works, with the price up by TRY 70/mt over the same period. The producer has kept its dollar-based longs prices since Wednesday,July 7.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 8.61