Today, February 22, Turkish mill Icdas has raised its domestic rebar price in the local currency by TRY 80/mt compared to last week to TRY 5,200/mt ex-works due to the stronger scrap prices observed in the latest transaction. The US dollar equivalent of the offer has increased by $10/mt to $630/mt ex-works. Meanwhile, the steelmaker has also issued its wire rod price at TRY 5,910/mt ($715/mt) ex-works, stable both in the local currency and on US dollar basis in the same period.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.00