SteelOrbis has been informed that Turkish producer Icdas has had to revise its local offers against the backdrop of appreciation of the US dollar against the Turkish lira. The mill's 12-32 mm rebar prices in Turkey's Marmara region are now at TRY 1,254/mt ($575/mt) + VAT ex-works, while its rebar prices in Biga, Canakkale in northwestern Turkey are at TRY 1,242/mt ($570/mt) + VAT ex-works.
The mill's list prices have moved up by TRY 15/mt as compared to its previous price list issued on August 6, though prices on dollar basis have remained stable due to exchange rate fluctuations.
$1 = TRY 2.18