On Monday, March 23, Turkish mill Icdas has decreased its domestic rebar offers on Turkish lira basis by TRY 100/mt to TRY 3,200/mt ex-works due to the negative sentiment in the import scrap segment. As a result, Turkey’s Icdas 12-32 mm rebar price on US dollar basis has decreased by $18 to $411/mt ex-works compared to Thursday, March 19.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 6.60