Today, September 25, Turkish mill Icdas has cut its domestic rebar price by TRY 100/mt to TRY 4,090/mt ex-works to offset currency fluctuations and also due to weaker scrap prices. The producer’s price on US dollar basis has decreased by $4/mt to $458/mt ex-works compared to Wednesday, September 23.
Prices on Turkish lira basis include 18 percent VAT, while offers on US dollar basis do not.
$1 = TRY 7.57