Today, October 5, Turkish mill Icdas has decreased its domestic rebar price by TRY 90/mt compared to end of last week to TRY 4,150/mt ex-works, due to the negative sentiment in the scrap segment. At the same time, the producer’s price on US dollar basis has dropped by $10/mt to $453/mt ex-works.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.76