On Monday, March 30, Turkish mill Icdas has decreased its domestic 12-32 mm rebar offers by TRY 20/mt compared to the end of last week to TRY 3,000/mt ex-works in order to offset currency fluctuations. As a result, the company’s offer price on US dollar basis has declined by $4/mt to $392/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 6.49