Today, July 6, Turkish steelmaker Icdas A.S. has increased its official rebar price on lira basis by TRY 355/mt to TRY 14,250/mt ($700/mt) ex-works compared Monday, July 4, to offset currency fluctuations. The supplier has raised its wire rod price by TRY 365/mt to TRY 14,655/mt ($720mt) ex-works. On US dollar basis, both product prices have remained stable over the same period.
$1 = TRY 17.25