Turkey’s Icdas revises its longs prices to offset currency fluctuations

Friday, 04 June 2021 15:27:33 (GMT+3)   |   Istanbul
       

Today, June 4, Turkish steel producer Icdas has raised its local rebar price by TRY 50/mt to TRY 7,180/mt ($700/mt) ex-works to offset currency fluctuations, while keeping its rebar price stable on US dollar basis.

The producer has also issued its wire rod price today at TRY 8,410/mt ex-works, up by TRY 60/mt. The offer on the US dollar basis has remained unchanged at $820/mt ex-works.

Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.

$1 = TRY 8.69

 


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