Today, February 2, Turkish mill Icdas has decreased its domestic rebar price in the local currency by TRY 60/mt to TRY 5,140/mt ($610/mt) ex-works, while its rebar price on US dollar basis has risen by $1/mt to offset the currency fluctuations. Meanwhile, the steelmaker has also issued its wire rod price at TRY 5,950/mt ($706/mt) ex-works, with the US dollar price up $4/mt.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.14