Turkey’s Icdas revises longs prices to offset currency fluctuations

Monday, 04 October 2021 16:29:45 (GMT+3)   |   Istanbul

Today, October 4, Turkish mill Icdas has raised its official rebar price by TRY 20/mt to TRY 7,020/mt ex-works to offset the currency fluctuations since the end of last week.

The supplier has also issued its official wire rod price at TRY 8,070/mt ex-works today, up by TRY 30/mt over the same period. The producer has maintained its official rebar and wire rod prices on US dollar basis at $670/mt ex-works and $770/mt ex-works respectively.

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

$1 = TRY 8.88

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