Today, April 22, Turkish steelmaker Icdas A.S. has raised its official rebar price on lira basis by TRY 90/mt to TRY 16,340/mt ($940/mt) ex-works compared to the beginning of this week to offset currency fluctuations. The supplier has also increased its wire rod price by TRY 95/mt to TRY 17,900/mt ($1,030/mt) ex-works. On US dollar basis, the producer has kept its longs prices stable over the same period.
$1 = TRY 14.73