On March 31, Turkish mill Icdas has increased its domestic 12-32 mm rebar offers by TRY 40/mt to offset currency fluctuations to TRY 3,040/mt ex-works. At the same time, its US dollar-based offers have remained unchanged at $392/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 6.57